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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
Airbnb Potential
$ 299,000
ROI
24.2
Cash Flow/m
369- 2 Bed
- 2 Bath
- 1100 sft
161 Saco Avenue #111, Old Orchard Beach, ME, 04064
Rental Income
$ 210,000
ROI
20.2Cash Flow/m
27- 1 Bed
- 1 Bath
- 271 sft
7 Bay Avenue #18, Old Orchard Beach, ME, 04064
$ 399,900
ROI
20.8Cash Flow/m
110- 2 Bed
- 2 Bath
- 1485 sft
41 Smithwheel Road #1, Old Orchard Beach, ME, 04064
$ 459,000
ROI
24.7Cash Flow/m
630- 3 Bed
- 3 Bath
- 2152 sft
11 Smithwheel Road #31, 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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