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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Babbitt, MN
Listed for sale 6 days ago
$ 175,000
ROI
25.1
Cash Flow/m
260- 3 Bed
- 2 Bath
- 1172 sft
101 2nd Ave N, Babbitt, MN, 55708
$ 165,000
ROI
25.0Cash Flow/m
242- 3 Bed
- 2 Bath
- 1168 sft
44 Locust Dr, Babbitt, MN, 55706
$ 144,900
ROI
24.3Cash Flow/m
183- 3 Bed
- 2 Bath
- 1856 sft
47 Birch Blvd, Babbitt, MN, 55706
$ 179,900
ROI
31.7Cash Flow/m
599- 3 Bed
- 2 Bath
- 1470 sft
127 5th Ave S, Babbitt, MN, 55708
Why Invest in Babbitt, Minnesota?
Investing in Babbitt, MN properties under $300k offers a unique opportunity to capitalize on a stable rental market with a cap rate of 8.5%. The area boasts an average rental yield of 7.2%, driven by steady renter occupancy near 78%. Appreciation rates for this market segment have been moderate at 3.1%, while average cash flow stands around $550 per month. These metrics highlight Babbitt as a promising location for affordable real estate investment.
8.3%
Avg. ROI
7.2%
Rental Yield
8.5%
Cap Rate
$550/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $300k in Babbitt is approximately 7.2%, reflecting a healthy rental market for affordable investment properties.
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