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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Andover, MN
Listed for sale 1 day ago
$ 355,000
ROI
21.5
Cash Flow/m
174- 2 Bed
- 2 Bath
- 2056 sft
14361 Hummingbird St NW, Andover, MN, 55304
Listed for sale 2 days ago
$ 339,999
ROI
26.0Cash Flow/m
594- 3 Bed
- 2 Bath
- 1629 sft
2315 138th Ln NW, Andover, MN, 55304
Listed for sale 2 days ago
$ 400,000
ROI
20.9Cash Flow/m
131- 3 Bed
- 2 Bath
- 1770 sft
14390 Crane St NW, Andover, MN, 55304
Listed for sale 2 days ago
$ 410,000
ROI
27.8Cash Flow/m
917- 4 Bed
- 3 Bath
- 2087 sft
4268 141st Ln NW, Andover, MN, 55304
Why Invest in Andover, Minnesota?
Investing in Andover, MN properties under $500k offers a balanced opportunity with solid rental yields and steady appreciation. This mid-sized metro area features an average ROI of about 7%, with rental yields near 6%, making it attractive for investors targeting affordable residential units. Cap rates typically hover around 5%, while average cash flow stands at around $250 monthly. Renter occupancy rates maintain stability near 65%, supporting consistent income streams in this market.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$250/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Rental yields for properties under $500k in Andover average around 6%, providing a reliable income stream for investors.
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