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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
$ 229,000
ROI
26.5
Cash Flow/m
432- 4 Bed
- 1 Bath
- 1747 sft
14 Forest Avenue, East Millinocket, ME, 04430
$ 159,900
ROI
24.3Cash Flow/m
201- 4 Bed
- 2 Bath
- 1125 sft
25 Birch Street, East Millinocket, ME, 04430
$ 189,900
ROI
25.0Cash Flow/m
278- 3 Bed
- 2 Bath
- 1890 sft
31 Spruce Street, East Millinocket, ME, 04430
$ 199,900
ROI
25.9Cash Flow/m
339- 3 Bed
- 2 Bath
- 1495 sft
18 Grove Street, 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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