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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Millinocket, ME
Listed for sale 6 days ago
$ 164,000
ROI
25.3
Cash Flow/m
254- 4 Bed
- 1 Bath
- 1354 sft
69 Maine 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
$ 189,900
ROI
28.1Cash Flow/m
440- 3 Bed
- 2 Bath
- 1798 sft
7 New York Street, Millinocket, ME, 04462
$ 129,900
ROI
25.5Cash Flow/m
207- 1 Bed
- 2 Bath
- 1117 sft
61 Waldo Street, Millinocket, ME, 04462
Why Invest in Millinocket, Maine?
Investing in Millinocket, ME, under $300k offers a unique opportunity to capitalize on affordable properties in a stable rental market. The region shows an average ROI of 6.2%, supported by a rental yield of 7.8% and a cap rate near 5.5%. With average rents around $850, investors can expect consistent cash flow in this growing small town. The renter-occupied rate stands at 44%, reflecting a steady demand from local workforce and seasonal residents.
6.2%
Avg. ROI
7.8%
Rental Yield
5.5%
Cap Rate
$300/mo
Avg. Cash Flow
$850/mo
Avg. Rent
1.8%
1Y Appreciation
Frequently Asked Questions
Millinocket offers affordable property prices with solid rental yields around 7.8%, and a stable local economy driven by established employers. This creates opportunities for steady cash flow and moderate appreciation.
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