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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Richmond, ME
Fix & Flip
$ 220,000
ROI
31.9
Cash Flow/m
740- 2 Bed
- 2 Bath
- 1128 sft
218 Plummer Road, Richmond, ME, 04357
$ 279,900
ROI
22.7Cash Flow/m
228- 4 Bed
- 2 Bath
- 1432 sft
8 Baker Street, Richmond, ME, 04357
$ 262,500
ROI
21.3Cash Flow/m
111- 4 Bed
- 2 Bath
- 1824 sft
3 Bridge Street, Richmond, ME, 04357
$ 205,000
ROI
22.7Cash Flow/m
165- 3 Bed
- 1 Bath
- 1903 sft
8 Lincoln Street, Richmond, ME, 04357
Why Invest in Richmond, Maine?
Investors looking for properties under $300k in Richmond, ME will find a stable market with an average ROI of 7.2%. This area offers a rental yield of 5.5%, supported by nearly 58% renter-occupied housing. The cap rate averages at 6.8%, providing solid cash flow opportunities averaging $550 per month. Appreciation rates have been steady at 3.2%, reflecting the area's economic resilience and growing demand for affordable rentals.
7.2%
Avg. ROI
5.5%
Rental Yield
6.8%
Cap Rate
$550/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $300k in Richmond, ME is approximately 5.5%, providing a viable income stream for investors.
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