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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Gorham at 57 State Street, Gorham, ME, 04038 with 5% annual appreciation on a $420,000 basis while $2,464/mo rent supports operations. 3% in year one. Equity gained on principal adds $2,710/yr, and five-year appreciation sums $116,038 alongside rental yield of 7.04%. Five-year ROI measures 94.34% and total cumulative return in cash totals $131,347. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,464/mo property income versus a $2,056/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1939
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04038, Gorham, ME area.
| 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 |
Residential
6,861
Single Family
6,498
Multi-Family
363
Businesses
515
Date | Event | Price |
|---|---|---|
| 2024-10-28 | Listed for sale | $420,000 |
| 2020-11-02 | Sold | $277,000 |
| 2020-09-26 | Pending sale | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-11-11 | $3148.00 | 10.07% | $245,000 | 62.79% |
| 2020-11-11 | $2860.00 | 0.28% | $150,500 | N/A |
| 2019-11-11 | $2852.00 | 4.13% | $150,500 | N/A |
Listed by: N/A • EXP Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1608031
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
