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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Andover, ME
$ 235,000
ROI
21.6
Cash Flow/m
123- 3 Bed
- 3 Bath
- 1400 sft
289 S Main Street, Andover, ME, 04216
Fix & Flip
Rental Income
$ 153,500
ROI
75.1Cash Flow/m
2365- 4 Bed
- 3 Bath
- 3000 sft
26 Pine Street, Andover, ME, 04216
$ 247,000
ROI
36.2Cash Flow/m
1130- 4 Bed
- 2 Bath
- 2100 sft
53 Pine Street, Andover, ME, 04216
Fix & Flip
$ 153,000
ROI
24.6Cash Flow/m
204- 3 Bed
- 1 Bath
- 1760 sft
84 N North Main Street, Andover, ME, 04216
Why Invest in Andover, Maine?
Investing in Andover, ME offers unique opportunities in the Maine real estate market. With an average ROI of 6.5% and cap rates around 7%, the area shows strong potential for rental yield and cash flow. The average monthly rent of $1,100 combined with a steady appreciation rate of 3% supports long-term growth. Approximately 55% of housing is renter-occupied, indicating healthy rental demand. These metrics make Andover a compelling option for investors seeking stability and moderate growth.
6.5%
Avg. ROI
5.8%
Rental Yield
7%
Cap Rate
$400/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Andover, ME is approximately 5.8%, making it attractive for rental property investors seeking steady income.
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