Condo Investment Properties for Sale in Old Orchard Beach, ME
$ 280,000
ROI
25.9
Cash Flow/m
476- 2 Bed
- 2 Bath
- 1100 sft
161 Saco Avenue #204, Old Orchard Beach, ME, 04064
$ 295,000
ROI
19.9Cash Flow/m
8- 2 Bed
- 2 Bath
- 1100 sft
161 Saco Avenue #106, Old Orchard Beach, ME, 04064
$ 309,900
ROI
24.2Cash Flow/m
382- 2 Bed
- 2 Bath
- 1032 sft
10 Ocean Park Road #2, Old Orchard Beach, ME, 04064
$ 250,000
ROI
21.3Cash Flow/m
106- 2 Bed
- 1 Bath
- 910 sft
16 Smithwheel Road #16, Old Orchard Beach, ME, 04064
Why Invest in Old Orchard Beach, Maine?
Old Orchard Beach condo investments offer strong seasonal rental potential from tourism traffic. The area's 7-mile beach and pier draw summer crowds, boosting short-term rental yields. Average cap rates hover around 6-7% with appreciation from coastal demand. Renter occupancy reaches 65% annually, driven by vacationers. Cash flow benefits from peak summer rates exceeding $250/night.
8.2%
Avg. ROI
7.1%
Rental Yield
6.5%
Cap Rate
$18500/mo
Avg. Cash Flow
$1950/mo
Avg. Rent
4.8%
1Y Appreciation
Frequently Asked Questions
Yes, condos excel in short-term rentals due to high summer tourism. Proximity to the beach and pier allows rates up to $300/night. Annual yields average 7% with strong occupancy from June to August.
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