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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
$ 159,900
ROI
25.8
Cash Flow/m
267- 2 Bed
- 2 Bath
- 1824 sft
30 Fir Cir, Babbitt, MN, 55706
$ 112,500
ROI
25.8Cash Flow/m
190- 4 Bed
- 2 Bath
- 1915 sft
38 Locust Dr, Babbitt, MN, 55706
$ 145,000
ROI
25.9Cash Flow/m
248- 2 Bed
- 2 Bath
- 1156 sft
24 Fern Ct, Babbitt, MN, 55706
$ 137,000
ROI
24.8Cash Flow/m
192- 3 Bed
- 2 Bath
- 2560 sft
18 Daisy Ln, 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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