47 Solomon Drive, Gorham, ME, 04038 | 6.09% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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47 Solomon Drive, Gorham, ME, 04038 | 6.09% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Gorham at 47 Solomon Drive, Gorham, ME, 04038 offers $3,930/mo rent that, after a $3,793/mo payment. Total monthly income is $3,930/mo. Return on cash invested measures 15.54% in year one, and rental yield stands at 6.09% at a $775,000 entry. Equity gained on principal adds $5,001/yr while 5% annual appreciation compounds into $214,118 by year five. Five-year ROI records 79.54% and total cumulative return in cash reaches $202,819. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,930/mo property income versus a $3,793/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1986

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Dutch Colonial in the Heart of Gorham Village. Welcome to this 2,836 sq ft Dutch Colonial, last house on the quiet dead-end street with a walking path leading directly to Gorham Village, shops, restaurants, and schools. Set on a private 1-acre lot, this home offers the perfect balance of convenience and seclusion. Step inside to a spacious entryway with a half bath and direct access from the oversized two-car garage. The newly remodeled kitchen features top-of-the-line appliances, quartz countertops, butcher-block island, and a farmhouse sink. A chef's pantry with sink and storage for small appliances keeps the kitchen open, organized, and entertainment-ready. While cooking you'll enjoy the open-concept living and dining area which flows into a sunroom drenched in natural light with skylights and large windows overlooking the backyard. A versatile first-floor bedroom/office adds flexibility. Upstairs, the primary suite offers a walk-in closet and private bath, while two additional bedrooms share a beautifully updated full bath with walk-in shower. A second-floor laundry adds everyday convenience. Need even more space? Over the garage, you'll find a large bonus roomideal for a media space, home office, or game room. Showings start Friday Sept 26th. Open House Sunday Sept 28th, 11am-1pm

Neighborhood Data

Neighborhood data shown for ZIP Code: 04038, Gorham, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,992 (100%)
Owner Occupied HU	5,706 (81.6%)
Renter Occupied HU	1,026 (14.7%)
Vacant Housing Units	260 ( 3.7%)
Median Home Value	$517,175
Average Home Value	$570,432