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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Richmond, ME
Fix & Flip
$ 175,000
ROI
27.9
Cash Flow/m
396- 3 Bed
- 2 Bath
- 1222 sft
3 Springer Street, Richmond, ME, 04357
$ 190,000
ROI
25.5Cash Flow/m
305- 2 Bed
- 2 Bath
- 1272 sft
275 Langdon Road, Richmond, ME, 04357
$ 190,000
ROI
24.5Cash Flow/m
248- 3 Bed
- 2 Bath
- 1767 sft
35 Alexander Reed Road, Richmond, ME, 04357
Fix & Flip
$ 185,000
ROI
25.9Cash Flow/m
318- 4 Bed
- 2 Bath
- 1003 sft
5 Lincoln Street, Richmond, ME, 04357
Why Invest in Richmond, Maine?
Investing in Richmond, ME with properties under $200k offers an attractive entry point into a stable real estate market. The area features an average rental yield of 6.5%, with cap rates around 7%, making it appealing for income-seeking investors. Average cash flow is positive at approximately $300 monthly. Appreciation trends have been steady, reflecting moderate property value growth. Richmond's renter-occupied rate stands at 40%, supporting rental demand in this affordable segment.
8.5%
Avg. ROI
6.5%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
In Richmond, ME, properties under $200k are typically single-family homes or smaller multi-unit buildings ideal for entry-level investors.
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