Under $500K Investment Properties for Sale in Biwabik, MN
Currently Rented
Rental Income
$ 160,000
ROI
32.2
Cash Flow/m
555- 5 Bed
- 4 Bath
- 2200 sft
110 3rd Ave N, Biwabik, MN, 55708
$ 179,000
ROI
25.6Cash Flow/m
293- 3 Bed
- 2 Bath
- 1916 sft
321 1st Ave N, Biwabik, MN, 55708
$ 129,900
ROI
25.2Cash Flow/m
197- 3 Bed
- 2 Bath
- 986 sft
118 4th Ave S, Biwabik, MN, 55708
$ 220,000
ROI
25.3Cash Flow/m
338- 2 Bed
- 2 Bath
- 1120 sft
6266 Giants Ridge Rd #506, Biwabik, MN, 55708
Why Invest in Biwabik, Minnesota?
Investing in Biwabik, MN under $500k provides a unique opportunity to tap into a growing market with historically stable appreciation rates. This area boasts an average ROI of 7.5%, coupled with a rental yield of 6.2% and a cap rate around 5.5%, making it attractive for rental property investments. Average cash flow remains positive, supported by average rents near $900 per month. Biwabik’s renter-occupied rate is robust at 45%, indicating strong rental demand in this price segment.
7.5%
Avg. ROI
6.2%
Rental Yield
5.5%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Biwabik typically yield an average ROI of about 7.5%, making them attractive for investors seeking steady returns.
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