Under $500K Investment Properties for Sale in Manchester, ME
Fix & Flip
Listed for sale 4 days ago
$ 170,000
ROI
25.5
Cash Flow/m
269- 2 Bed
- 2 Bath
- 1557 sft
323 Readfield Road, Manchester, ME, 04351
Rental Income
$ 330,000
ROI
23.4Cash Flow/m
329- 3 Bed
- 1 Bath
- 1152 sft
284 Prescott Road, Manchester, ME, 04351
$ 350,000
ROI
30.9Cash Flow/m
1087- 5 Bed
- 2 Bath
- 1979 sft
126 Readfield Road, Manchester, ME, 04351
$ 439,999
ROI
26.1Cash Flow/m
782- 5 Bed
- 3 Bath
- 2100 sft
59 Country Club Road, 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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