Under $500K Investment Properties for Sale in East Millinocket, ME
Listed for sale 5 days ago
$ 230,222
ROI
31.9
Cash Flow/m
779- 3 Bed
- 2 Bath
- 1398 sft
21 Western Avenue, East Millinocket, ME, 04430
$ 160,000
ROI
24.2Cash Flow/m
199- 3 Bed
- 1 Bath
- 1000 sft
30 Spruce St, East Millinocket, ME, 04430
$ 210,000
ROI
27.0Cash Flow/m
421- 2 Bed
- 1 Bath
- - sft
63 Main St #A, East Millinocket, ME, 04430
$ 229,000
ROI
29.0Cash Flow/m
589- 4 Bed
- 1 Bath
- 1747 sft
14 Forest Avenue, East Millinocket, ME, 04430
Why Invest in East Millinocket, Maine?
Investing in East Millinocket, ME under $500k offers unique opportunities in a small-town setting with steady rental demand. The local market features an average ROI of 6.2%, with rental yields around 8.1%, reflecting attractive cash flow potential. Cap rates sit near 7.5%, higher than many urban areas, supporting sustainable investment. Appreciation is moderate at 2.3%, while renter-occupied units constitute about 55%, indicating a healthy rental base.
6.2%
Avg. ROI
8.1%
Rental Yield
7.5%
Cap Rate
$1200/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k typically include single-family homes, small multifamily units, and some commercial investments. These offer good potential for rental income in the local market.
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