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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 93 Day Road, Gorham, ME, 04038 listed at $399,999 pairs $2,640/mo rent with a $1,958/mo payment to leave $115/mo cash flow. Total monthly income runs $2,640/mo, and annual cash flow reaches $1,384/yr on $132,600 cash to close. Return on cash invested measures 20.95% in year one, and rental yield registers 7.92% at a $399,999 basis. Equity gained on principal adds $2,581/yr, and annual property appreciation at 5% supports $110,512 by year five. Five-year ROI tracks 108.61% and total cumulative return in cash totals $144,015. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,640/mo property income relative to a $1,958/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1943
10.05 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • NextHome NorthEast Realty
Mls Name: Maine Listings
Mls ID: #1643813
