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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Palmyra, ME
Listed for sale 3 days ago
$ 149,900
ROI
25.0
Cash Flow/m
219- 3 Bed
- 1 Bath
- 1196 sft
195 Estes Avenue, Palmyra, ME, 04965
$ 155,000
ROI
20.6Cash Flow/m
37- 2 Bed
- 2 Bath
- 1120 sft
64 Whitney St, Palmyra, ME, 04965
$ 150,000
ROI
24.9Cash Flow/m
214- 2 Bed
- - Bath
- 2496 sft
118 Square Road, Palmyra, ME, 04965
$ 175,000
ROI
21.6Cash Flow/m
89- 3 Bed
- 2 Bath
- 1456 sft
73 Lisa St, Palmyra, ME, 04965
Why Invest in Palmyra, Maine?
Investing in Palmyra, ME, especially in properties under $200k, offers an excellent opportunity to tap into stable rental yields averaging around 7%. The area boasts a cap rate of 6.5% and an average ROI of 8% for affordable housing investments. Rental demand is supported by a renter occupancy rate of 38% and average rents near $850 per month. Appreciation rates remain steady at approximately 3% annually, reflecting a growing interest in affordable real estate in this region.
8%
Avg. ROI
7%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Yes, properties under $200k in Palmyra offer attractive cap rates around 6.5% and consistent rental demand, making them profitable for investors seeking steady cash flow.
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