89 Shaws Mill Road, Gorham, ME, 04038 | $884/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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89 Shaws Mill Road, Gorham, ME, 04038 | $884/mo Cash Flow | Ziffy

For Sale

Listed for sale 1 day ago

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

Rental property for sale in Gorham at 89 Shaws Mill Road, Gorham, ME, 04038 generates $3,787/mo in rent and, after a $2,251/mo payment, leaves $884/mo in cash flow. Total monthly income is $3,787/mo, and annual cash flow is $10,614/yr on $152,457 invested. Return on cash invested sits at 26.87% in year one, and rental yield is 9.88% on a $459,900 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,062 over five years. Five-year ROI reaches 140.35% and total cumulative return in cash sums $213,978. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,787/mo property income rather than buyer’s personal income.

Multi Family

Built in 1984

1.85 Acres lot

$N/A/sqft

No HOA

More details about the property

Well-maintained duplex offering two updated unitsideal for owner-occupants or investors. Each unit features two bedrooms, updated kitchens and 1 bath, and separate entrances. Recent improvements like hardwood floors throughout and new windows provide low-maintenance living. Property includes ample parking and outdoor space. Convenient Gorham location with easy access to village amenities, schools, and commuter routes. Strong rental potential in a high-demand market. A rare, versatile multi-unit opportunity. Currently fully owner occupied but estimate market rent to be $2200 each side. Don't miss this unique opportunity!

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