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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Canaan, ME
Motivated Seller
$ 118,300
ROI
25.9
Cash Flow/m
201- - Bed
- - Bath
- - sft
11 Matthew Dr, Canaan, ME, 04924
$ 115,900
ROI
70.3Cash Flow/m
1629- - Bed
- - Bath
- - sft
300 Main St, Canaan, ME, 04924
$ 139,000
ROI
25.0Cash Flow/m
205- 3 Bed
- 2 Bath
- 1120 sft
9 Tropical Fish Road, Canaan, ME, 04924
$ 129,000
ROI
24.9Cash Flow/m
183- 4 Bed
- 1 Bath
- 1530 sft
22 Easy Street, Canaan, ME, 04924
Why Invest in Canaan, Maine?
Investing in Canaan, ME, especially in properties under $200k, offers affordable entry into a steady market with an average rental yield of 6.4%. The area benefits from a cap rate around 7.1%, providing solid cash flow potentials for investors. Appreciation rates have remained stable at approximately 2% annually, supported by a renter-occupied rate near 52%. With median rents around $800, investors can expect consistent demand from local tenants seeking affordable housing options.
7%
Avg. ROI
6.4%
Rental Yield
7.1%
Cap Rate
$650/mo
Avg. Cash Flow
$800/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
Yes, properties under $200k in Canaan offer solid rental yields around 6.4% and cap rates near 7.1%, providing good cash flow potential for investors.
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