8 Samantha Drive UNIT 8, Gorham, ME, 04038 | 4.65% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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8 Samantha Drive UNIT 8, Gorham, ME, 04038 | 4.65% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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 8 Samantha Drive UNIT 8, Gorham, ME, 04038 earns from $1,920/mo rent with a $2,423/mo payment. Total monthly income totals $1,920/mo. ROI tracks 8.54% on current figures, and rental yield reads 4.65% at a $495,000 purchase. Equity gained on principal adds $3,194/yr, and 5% annual appreciation supports $136,759 over five years. Five-year ROI reaches 42.94% and total cumulative return in cash sums $70,462. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,920/mo property income instead of your personal income.

Condo

Built in 2001

0.34 Acres lot

$N/A/sqft

$351 monthly HOA

More details about the property

Welcome to Park South located minutes from Gorham Village. This 2 bedroom/3 bath stand alone condo features a flexible floor plan, hardwood floors, a 2 car garage and screened in porch. The first floor boasts a spacious eat in kitchen with large pantry, 1/2 bath, sun filled living room and a flexible space room with french doors that could be a formal dining room, office or den. A screened in porch is located directly off the kitchen. On the second floor you will find a spacious primary with en suite and walk-in closet, a second bedroom and a full bath with laundry. A large bonus room rounds out the 2nd floor nicely and can be used as a bedroom, office, den, craft room etc. A full basement can be accessed from the interior of the home or from the exterior bulkhead. Need more storage? There is an ample sized storage room located in the 2 car garage. Park South has no age requirements, dogs are permitted (there are a few breed restrictions) and allows rentals. Partake in all that Gorham Village has to offer (shopping, restaurants, walking trails) while being in close proximity to Portland, the airport and more!

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

Housing Distribution

Address Breakdown

Residential

6,861

Single Family

6,498

Multi-Family

363

Businesses

515

Price History

Date	Event	Price
2025-02-05	Listed for sale	$495,000
2025-01-16	Contingent	$495,000
2025-01-08	Price change	$495,000

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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2 Kirk Street, Sanford, ME, 04083

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8 Reed Street, Springvale, ME, 04083

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 2001
Architectural Style: Cape Cod
Building Area: 1,798
Living Area: 1,798 sqft
Property Condition: N/A

Features & Amenities

Heating: Baseboard
Cooling: Heat Pump
Flooring: N/A
Interior Features: Bathtub, Pantry, Primary Bedroom w/Bath
Exterior Features: N/A
Parking Features: 1 - 4 Spaces, Paved, Inside Entrance

Location

City: Gorham
State: ME
Subdivision: N/A
Lot Size: 0.34 Acres
Lot Features: Level, Open Lot, Landscaped, Near Shopping, Near Town, Neighborhood, Near Railroad
View: N/A

HOA & Fees

HOA Fee: $351 monthly
Association Fee: $351 monthly
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: Public Sewer
Water Source: Public
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • Welcome Home Real Estate

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1607255

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

8 Samantha Drive UNIT 8,Gorham,ME,04038

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

8 Samantha Drive UNIT 8GorhamME04038