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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Crookston, MN
Listed for sale 5 days ago
$ 218,500
ROI
27.9
Cash Flow/m
496- 4 Bed
- 2 Bath
- 2080 sft
415 2nd Ave NE, Crookston, MN, 56716
Listed for sale 5 days ago
$ 172,500
ROI
29.1Cash Flow/m
447- 4 Bed
- 1 Bath
- 2630 sft
434 Bridge St, Crookston, MN, 56716
Listed for sale 7 days ago
$ 259,000
ROI
21.1Cash Flow/m
99- 3 Bed
- 2 Bath
- 2016 sft
708 4th Ave NE, Crookston, MN, 56716
$ 159,000
ROI
25.4Cash Flow/m
248- 2 Bed
- 2 Bath
- 1050 sft
715 Birch St, Crookston, MN, 56716
Why Invest in Crookston, Minnesota?
Investing in Crookston, MN properties under $500k offers a unique opportunity to tap into a growing rental market with solid cap rates and steady rental yields. The area shows an average ROI of 7% complemented by consistent rental yield of 6%. Appreciation rates are reasonable, making it a stable market for long-term gains. With renter-occupied units near 48%, demand for affordable housing remains strong, ensuring cash flow potential for investors.
7%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average rent for properties under $500k in Crookston is approximately $900 per month, reflecting a strong rental market for affordable homes.
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