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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Millinocket, ME
Listed for sale 7 days ago
$ 149,000
ROI
24.9
Cash Flow/m
214- 3 Bed
- 1 Bath
- 1500 sft
61 Eastland Avenue, Millinocket, ME, 04462
$ 150,000
ROI
24.6Cash Flow/m
202- 3 Bed
- 1 Bath
- 988 sft
47 New Jersey Street, MILLINOCKET, ME, 04462
Listed for sale 7 days ago
$ 225,000
ROI
22.6Cash Flow/m
176- 3 Bed
- 1 Bath
- 1390 sft
5 Middle, Millinocket, ME, 04462
Rental Income
Listed for sale 7 days ago
$ 119,900
ROI
25.8Cash Flow/m
200- 5 Bed
- 2 Bath
- 2088 sft
85 School Street, Millinocket, ME, 04462
Why Invest in Millinocket, Maine?
Investing in Millinocket, ME offers a unique opportunity for real estate investors focusing on affordable properties with stable rental demand. This area benefits from a cap rate around 7%, rental yields close to 8%, and an average ROI of 6.5%. The modest appreciation rate combined with average cash flow of approximately $800 per month makes Millinocket a promising choice for diversified portfolios. Rental occupancy rates remain strong near 85%, reflecting steady demand driven by local employment and tourism.
6.5%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$800/mo
Avg. Cash Flow
$900/mo
Avg. Rent
1.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Millinocket is approximately 8%, making it an attractive market for rental property investors.
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