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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in East Millinocket, ME
Listed for sale 4 days ago
$ 169,900
ROI
32.5
Cash Flow/m
603- 3 Bed
- 1 Bath
- 966 sft
52 Birch St, East Millinocket, ME, 04430
$ 270,000
ROI
32.4Cash Flow/m
952- 4 Bed
- 2 Bath
- 2344 sft
43 Elm Street, East Millinocket, ME, 04430
$ 149,000
ROI
24.1Cash Flow/m
180- 4 Bed
- 2 Bath
- 1135 sft
36 Cedar Street, East Millinocket, ME, 04430
$ 160,000
ROI
24.1Cash Flow/m
194- - Bed
- - Bath
- - sft
30 Spruce St, East Millinocket, ME, 04430
Why Invest in East Millinocket, Maine?
Investing in East Millinocket, ME offers unique opportunities for those interested in a smaller community with potential for growth in affordable housing. This area shows an average ROI of 6.5%, a rental yield around 7%, and a cap rate of 6%, reflecting steady returns for rental properties. Average cash flow is positive, supported by average rents near $850 monthly and moderate appreciation at 2%. With renter occupancy at about 55%, investors can expect consistent rental demand in this region.
6.5%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average rental yield in East Millinocket is approximately 7%, making it an attractive spot for investors focused on rental income.
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