Under $500K Investment Properties for Sale in Bovey, MN
$ 169,000
ROI
24.6
Cash Flow/m
227- 3 Bed
- 2 Bath
- 2010 sft
208 6th Ave, Bovey, MN, 55709
Fix & Flip
$ 129,900
ROI
25.7Cash Flow/m
214- 3 Bed
- 1 Bath
- 1032 sft
22736 County Road 453, Bovey, MN, 55709
$ 138,500
ROI
25.4Cash Flow/m
216- 2 Bed
- 2 Bath
- 1200 sft
306 7th Ave, Bovey, MN, 55709
Airbnb Potential
$ 129,900
ROI
22.2Cash Flow/m
89- 2 Bed
- 1 Bath
- 1194 sft
41142 County Road 336, 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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