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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% |
Rental property for sale in Gorham at 7 Canterbury Pines Drive, Gorham, ME, 04038 priced at $745,000 pairs $4,590/mo rent with after a $3,646/mo payment. Total monthly income equals $4,590/mo. Return on cash invested is 19.51% in year one, and rental yield stands at 7.39% on a $745,000 basis. Equity gained on principal adds $4,807/yr, and 5% annual appreciation accumulates to $205,830 by year five. Five-year ROI measures 100.86% and total cumulative return in cash reaches $247,208. For financing, Ziffy Mortgage’s DSCR program evaluates $4,590/mo property income against a $3,646/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
1.24 Acres 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 |
|---|---|---|
| 2025-07-14 | Sold | $745,000 |
| 2025-07-14 | Pending sale | $685,000 |
| 2025-05-16 | Contingent | $685,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $6795.00 | N/A | $494,200 | N/A |
| 2023-10-20 | $6795.00 | 7.01% | $494,200 | N/A |
| 2022-10-20 | $6350.00 | 20.27% | $494,200 | 77.83% |
Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1621946
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
