East Millinocket, ME — Rental Investment Analysis
🟡MODERATE— average returnsCap Rate
5.9%
Below average
Monthly Cash Flow
-$76
After all expenses
Price-to-Rent
10.8
Investor-friendly
DSCR
0.92
Fails
📊 Key Metrics
- Median Home Price
- $173,078
- Average Rent (3BR)
- $1,330/mo
- Price-to-Rent Ratio
- 10.8(good)
- 1% Rule
- 0.77%(fails — need 1%+)
- Cash-on-Cash Return
- -2.3%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 3.1%(-1.2% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +2.1500000000000004% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
1.24%
of assessed value (ME avg)
Median Income
$64,767
household (ME avg)
Rent-to-Income
24.6%
Affordable
Section 8 Max Rent
$1,330/mo
3BR voucher payment
🏛️ ME Investor Climate
Landlord Friendly
5/10
State Income Tax
Has state tax
Property Tax
1.24% effective
Population Trend
+2.1500000000000004% (3yr)