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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
$ 185,000
ROI
25.9
Cash Flow/m
318- 4 Bed
- 2 Bath
- 1003 sft
5 Lincoln Street, Richmond, ME, 04357
$ 199,000
ROI
24.2Cash Flow/m
244- 2 Bed
- 2 Bath
- 1482 sft
18 Weymouth Street, Richmond, ME, 04357
$ 169,000
ROI
24.1Cash Flow/m
206- 2 Bed
- 1 Bath
- 868 sft
116 Carding Machine Road, Richmond, ME, 04357
Fix & Flip
Rental Income
$ 119,000
ROI
24.8Cash Flow/m
168- 2 Bed
- 1 Bath
- 800 sft
22 Westwood Acres Road, 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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