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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 89 Cumberland Lane UNIT 8, Gorham, ME, 04038 priced at $425,000 converts $3,010/mo rent into after a $2,080/mo obligation. Total monthly income equals $3,010/mo. Return on cash invested prints 19.76% in year one, and rental yield reads 8.5% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 103.27% and total cumulative return in cash sums $145,493. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,010/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Condo
Built in 1998
0.28 Acres lot
$N/A/sqft
$345 monthly 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 |
|---|---|---|
| 2025-03-28 | Listed for sale | $425,000 |
| 2015-09-01 | Sold | $215,000 |
| 2015-07-19 | Listed for sale | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • North Point Realty LLC
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1617296
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
