Real Estate Investing in Long Island, Maine (04050)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04050 (Long Island, ME)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 69.8% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Long Island, ME (04050)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04050 Long Island
Investors eyeing 04050 need to respect the fundamentals at play. Home values of $672K come alongside slower price movement and elevated management overhead.
On balance, the numbers look inviting — $672K purchase price, 0.0% nominal cap — the work to hit that pro forma in 04050 is substantial and deserves full respect.
In practical terms, 04050 offers a low basis, the region around Long Island has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Put differently, 300 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 04050 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Long Island:
Market Trends
Home Value History (with trend line)
📊 How Does 04050 Compare?
| Metric | 04050 | Long Island | Maine |
|---|---|---|---|
| Home Value | $671,704 | $671,704 | $401,109 |
| 5-Year CAGR | 2.0% | 2.0% | 8.6% |
| Avg Rent | $2,880 | $2,880 | - |
| Cap Rate | 3.3% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04050 (Long Island, ME). Anonymous, moderated, never written by AI.
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Property managers serving Cumberland County
Manage rentals here? List your business →Port Property offers apartments for rent and commercial property management services in Portland, South Portland, and Biddeford, Maine. summary from their website
Schneider Property Management, part of HomeRiver Group, offers property management, brokerage, rehab and construction, leasing, and maintenance services for single-family and multi-family properties. summary from their website
Aquarius Property Management offers property management services in Greater Portland, including Portland, South Portland, Falmouth, Cape Elizabeth, and Scarborough. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $671,704 |
| Monthly Rent | $2,880 |
| Price-to-Rent | 19.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.3% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +2.0% ▲ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 04050
Population: 300
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 04050
Schools in This ZIP Code
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
Cliff Island School
Peaks Island School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,551 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Long Island, ME better for rentals, flips, or BRRRR?
For Long Island, ME, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What are home prices like in Long Island, ME?
The median home value in Long Island, ME is roughly $672K. That puts it reasonable relative to the ME statewide average.
What kind of vacancy should I budget for in Long Island, ME?
Long Island, ME vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Are renters plentiful in Long Island, ME?
Working renters make up the core of the Long Island, ME tenant base. The pool is reasonable for investors targeting long-term holds.
What is the typical rental rate in Long Island, ME?
The typical rental in Long Island, ME commands about $2,880/mo monthly. That rent profile steady cash flow against the $672K purchase basis.
You know 04050 now. You don’t know where it ranks.
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