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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in East Millinocket, ME
Listed for sale 2 days ago
$ 165,000
ROI
24.3
Cash Flow/m
210- - Bed
- - Bath
- - sft
37 Cedar St, East Millinocket, ME, 04430
Listed for sale 5 days ago
$ 190,000
ROI
24.5Cash Flow/m
251- 3 Bed
- 2 Bath
- 1489 sft
34 Cedar Street, East Millinocket, ME, 04430
$ 239,000
ROI
22.5Cash Flow/m
183- 5 Bed
- 2 Bath
- 1956 sft
50 Beech Street, East Millinocket, ME, 04430
$ 259,000
ROI
22.3Cash Flow/m
180- 3 Bed
- 2 Bath
- 2760 sft
21 Independence Lane, 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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