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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Manchester, ME
$ 249,900
ROI
23.0
Cash Flow/m
229- 2 Bed
- 1 Bath
- 919 sft
18 Granite Hill Road, Manchester, ME, 04351
$ 495,000
ROI
31.0Cash Flow/m
1556- 4 Bed
- 2 Bath
- 3025 sft
17 Apple Tree Lane, Manchester, ME, 04351
$ 199,000
ROI
20.5Cash Flow/m
38- 2 Bed
- 1 Bath
- 950 sft
58 Kennison Street #7, Manchester, ME, 04351
$ 375,000
ROI
22.7Cash Flow/m
305- 2 Bed
- 1 Bath
- 628 sft
587 Scenic Drive E, Manchester, ME, 04351
Why Invest in Manchester, Maine?
Investing in Manchester, ME properties under $500k offers affordable entry into a stable market with robust rental demand. The city boasts an average ROI of 6.5% and a cap rate around 5.2%, supported by steady rental yields near 7.0%. Cash flow remains healthy due to average rents of approximately $1,200, with property appreciation at 3.5% annually. With 60% renter occupancy, opportunities for sustained rental income abound.
6.5%
Avg. ROI
7%
Rental Yield
5.2%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The market predominantly features single-family homes, small multifamily units, and some condos. These properties are ideal for entry-level investors seeking rental income in stable neighborhoods.
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