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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Gray, ME
$ 499,000
ROI
19.8
Cash Flow/m
11- 3 Bed
- 2 Bath
- 1491 sft
5A Sorrento Way #5A, Gray, ME, 04039
$ 260,000
ROI
32.1Cash Flow/m
893- 2 Bed
- 2 Bath
- 980 sft
94 Lewiston Road #8, Gray, ME, 04039
$ 649,900
ROI
21.5Cash Flow/m
252- 3 Bed
- 3 Bath
- 2278 sft
15 Callaway Drive #15, Gray, ME, 04039
$ 675,000
ROI
22.1Cash Flow/m
387- 3 Bed
- 2 Bath
- 2414 sft
9 Callaway Drive UNIT 3, Gray, ME, 04039
Why Invest in Gray, Maine?
Investing in condos across the state of Maine offers a stable opportunity with an average ROI of 6.8%. The condo market benefits from a rental yield of approximately 5.2%, making it attractive for investors focused on steady cash flow. Maine's appreciation rates hover around 3.5% annually, reflecting modest property value growth. Cap rates averaging 6.0% indicate healthy income generation potential. Additionally, renter occupancy rates are strong at 67%, pointing to consistent demand in the condo rental sector.
6.8%
Avg. ROI
5.2%
Rental Yield
6%
Cap Rate
$850/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Maine is about 5.2%, offering solid returns for investors targeting stable rental income.
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