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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
Listed for sale 6 days ago
$ 475,000
ROI
21.0
Cash Flow/m
158- 3 Bed
- 3 Bath
- 2175 sft
377 Readfield Road, Manchester, ME, 04351
$ 349,900
ROI
22.8Cash Flow/m
294- 4 Bed
- 3 Bath
- 3050 sft
903 Western Avenue, Manchester, ME, 04351
$ 485,000
ROI
24.9Cash Flow/m
690- 4 Bed
- 3 Bath
- 2625 sft
50 Country Club Road, Manchester, ME, 04351
$ 435,000
ROI
19.9Cash Flow/m
11- 3 Bed
- 1 Bath
- 1550 sft
40 Community Drive, 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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