Under $500K Investment Properties for Sale in Andover, MN
Listed for sale 1 day ago
$ 399,900
ROI
25.9
Cash Flow/m
683- 4 Bed
- 2 Bath
- 2050 sft
3487 133rd Ln NW, Andover, MN, 55304
Listed for sale 2 days ago
$ 470,000
ROI
24.8Cash Flow/m
661- 4 Bed
- 3 Bath
- 2735 sft
4088 146th Ln NW, Andover, MN, 55304
$ 380,000
ROI
30.0Cash Flow/m
1081- 4 Bed
- 3 Bath
- 2261 sft
13454 Jonquil St NW, Andover, MN, 55304
$ 494,810
ROI
22.8Cash Flow/m
416- 4 Bed
- 3 Bath
- 2280 sft
737 152nd 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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