50 Winslow Road #B, Gorham, ME, 04038 | $287/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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50 Winslow Road #B, Gorham, ME, 04038 | $287/mo Cash Flow | 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

Investment property for sale in Gorham at 50 Winslow Road #B, Gorham, ME, 04038 uses $162,104 cash to close to unlock $3,447/yr annual cash flow and $287/mo monthly cash flow. Total monthly income runs $3,373/mo, and a $2,393/mo payment keeps the spread at $287/mo. Purchase price stands at $489,000, and rental yield measures 8.28% with $3,373/mo rent. Return on cash invested shows 22.04% in year one, and 5% annual appreciation builds toward $135,102 over five years. Five-year ROI reaches 114.42% and total cumulative return in cash records $185,482. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,373/mo property income covering a $2,393/mo payment rather than investor’s personal income.

Condo

Built in 2004

1.73 Acres lot

$N/A/sqft

No HOA

More details about the property

Well-maintained 2-bedroom condo with numerous thoughtful upgrades throughout. Conveniently located just a short drive from Portland, this home offers comfort, efficiency, and modern updates. Upgrades since ownership include: Fresh paint throughout the home New ceiling fans in the bedrooms and living room Updated bathroom vents and mirrors (both bathrooms) New kitchen sink and upgraded appliances (microwave, oven, dishwasher, and refrigerator) Installed point-of-use water filtration system New energy-efficient boiler Replaced all carpeting throughout Added transfer switch for generator Additional Features: Open backyard Basement storage Garage (ideal for snowy months) Open House: Sunday, 10/19/25 from 2:00-3:30 PM Move-in ready and ready to welcome its new owners!

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