Single Family Investment Properties for Sale in Millinocket, ME
Listed for sale 3 days ago
$ 244,900
ROI
30.7
Cash Flow/m
745- 3 Bed
- 2 Bath
- 1338 sft
6 Pleasant Street, 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 3 days ago
$ 185,900
ROI
25.5Cash Flow/m
296- 4 Bed
- 2 Bath
- 1485 sft
120 Prospect Street, Millinocket, ME, 04462
$ 139,000
ROI
25.4Cash Flow/m
218- 2 Bed
- 1 Bath
- 1040 sft
156 Congress Street, Millinocket, ME, 04462
Why Invest in Millinocket, Maine?
Investing in single-family homes in Millinocket, ME offers unique opportunities with stable rental yields and reasonable cap rates. The local economy, driven by manufacturing and tourism, supports steady rental demand. Average cash flow from these properties remains attractive for investors looking for consistent returns. Appreciation rates align with regional trends, making Millinocket a viable location for real estate growth. Renter occupancy is stable, highlighting ongoing housing needs.
6.5%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$800/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for single-family homes in Millinocket is approximately 7%, reflecting solid returns for investors in this market.
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