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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Old Orchard Beach, ME
Listed for sale 3 days ago
$ 275,000
ROI
20.6
Cash Flow/m
62- 2 Bed
- 1 Bath
- 761 sft
11 Smithwheel Road #34, Old Orchard Beach, ME, 04064
$ 230,000
ROI
25.9Cash Flow/m
393- 1 Bed
- 1 Bath
- 644 sft
18 Smithwheel Road #16, Old Orchard Beach, ME, 04064
$ 229,000
ROI
20.3Cash Flow/m
33- 1 Bed
- 1 Bath
- 230 sft
5 Kinney Avenue #304, Old Orchard Beach, ME, 04064
Rental Income
$ 229,000
ROI
22.6Cash Flow/m
183- 1 Bed
- 1 Bath
- 272 sft
7 Bay Avenue #10, 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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