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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Detroit, ME
$ 275,000
ROI
21.1
Cash Flow/m
106- 4 Bed
- 2 Bath
- 2280 sft
119 North Road, Detroit, ME, 04929
$ 295,000
ROI
23.8Cash Flow/m
333- 3 Bed
- 2 Bath
- 1230 sft
15 S Main Street, Detroit, ME, 04929
$ 212,000
ROI
31.7Cash Flow/m
702- 3 Bed
- 1 Bath
- 1800 sft
516 Troy Road, Detroit, ME, 04929
$ 129,000
ROI
46.4Cash Flow/m
957- 2 Bed
- 2 Bath
- 980 sft
36 Main Street, Detroit, ME, 04929
Why Invest in Detroit, Maine?
Investing in under $300k properties in Detroit, ME offers a unique opportunity for affordable entry into a market with solid rental demand. The average ROI hovers around 7%, bolstered by a rental yield of approximately 6%. Cap rates near 8% indicate healthy returns, while average cash flow remains positive given the moderate average rent of $950. Appreciation rates around 2% annually and a renter-occupied rate of 60% support long-term growth potential for strategic investors.
7%
Avg. ROI
6%
Rental Yield
8%
Cap Rate
$250/mo
Avg. Cash Flow
$950/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
Yes, Detroit, ME offers affordable properties with favorable cap rates around 8%, making it a viable market for investors seeking positive cash flow and steady appreciation.
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