518 Ossipee Trail E, Gorham, ME, 04038 | 3.03% Rental Yield

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518 Ossipee Trail E, Gorham, ME, 04038 | 3.03% Rental Yield | Ziffy

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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 518 Ossipee Trail E, Gorham, ME, 04038 at $1,500,000 posts ROI 6.35% with from $3,787/mo rent. Total monthly income equals $3,787/mo. Return on cash invested measures 6.35% and rental yield reads 3.03% at the current $1,500,000. Equity gained on principal adds $9,679/yr, and 5% annual appreciation supports $414,422 by year five. Five-year ROI prints 30.17% and total cumulative return in cash totals $146,627. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,787/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Multi Family

Built in 1941

8.69 Acres lot

$N/A/sqft

No HOA

More details about the property

Excellent Investment Opportunity! This well-maintained property features a total of 9 units, including two duplexes and a 5-unit building. Each unit is separately metered for heat and electricity, with tenants responsible for their own utilities. The property boasts a solid rental history and individual heating systems for each unit. The current owner has prioritized upkeep, with major updates already completed, including a new roof and new windows. While the property is already stable and cash-flowing, there is significant upside potential through cosmetic upgrades and rent increases, as current rents are below market. Don't miss this opportunity to own a reliable, income-producing asset with room to grow! NOI: 134,919.31

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