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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
$ 250,000
ROI
21.3
Cash Flow/m
106- 2 Bed
- 1 Bath
- 910 sft
16 Smithwheel Road #16, Old Orchard Beach, ME, 04064
$ 427,000
ROI
23.4Cash Flow/m
428- 3 Bed
- 3 Bath
- 1482 sft
11 Smithwheel Road #13, Old Orchard Beach, ME, 04064
$ 385,000
ROI
21.6Cash Flow/m
193- 2 Bed
- 2 Bath
- 1500 sft
5 Oregon Avenue #106, Old Orchard Beach, ME, 04064
$ 338,000
ROI
20.0Cash Flow/m
23- 2 Bed
- 2 Bath
- 1059 sft
7 Old Salt Road #32, 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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