Under $300K Investment Properties for Sale in Babbitt, MN
$ 239,900
ROI
21.9
Cash Flow/m
141- 3 Bed
- 1 Bath
- 1248 sft
8557 Highway 21 N, Babbitt, MN, 55706
$ 119,900
ROI
24.4Cash Flow/m
154- 3 Bed
- 1 Bath
- 884 sft
14 Hemlock Cr, Babbitt, MN, 55706
$ 147,000
ROI
25.9Cash Flow/m
253- 2 Bed
- 1 Bath
- 912 sft
16 Beech Crt, Babbitt, MN, 55706
$ 135,000
ROI
25.8Cash Flow/m
226- 2 Bed
- 1 Bath
- 1728 sft
61 Birch Blvd, Babbitt, MN, 55706
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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