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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Bovey, MN
$ 249,000
ROI
21.5
Cash Flow/m
120- 3 Bed
- 2 Bath
- 1300 sft
24622 Osprey Ln, Bovey, MN, 55709
Motivated Seller
$ 374,999
ROI
22.8Cash Flow/m
318- 3 Bed
- 2 Bath
- 1649 sft
27176 Birch Dr, Bovey, MN, 55709
$ 132,500
ROI
25.9Cash Flow/m
226- 3 Bed
- 2 Bath
- 1584 sft
313 3rd St, Bovey, MN, 55709
$ 465,000
ROI
29.4Cash Flow/m
1246- 6 Bed
- 4 Bath
- 2912 sft
26389 Reilly Beach Rd, Bovey, MN, 55709
Why Invest in Bovey, Minnesota?
Investing in Bovey, MN offers a unique opportunity to acquire real estate under $500k in an emerging market. With an average ROI of 7.3%, rental yields near 9%, and cap rates above 8%, investors can expect solid cash flow and steady appreciation. The local rental market is supported by a renter-occupied rate of 60%, providing demand stability. These metrics highlight Bovey as an attractive location for value-focused real estate investments within Minnesota's growing economy.
7.3%
Avg. ROI
8.8%
Rental Yield
8.2%
Cap Rate
$450/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Bovey typically include single-family homes, small multiplexes, and some townhomes. These offer good rental potential with stable tenant demand.
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