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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in East Grand Forks, MN
Listed for sale 2 days ago
$ 280,000
ROI
32.3
Cash Flow/m
978- 3 Bed
- 2 Bath
- 2040 sft
1621 Park Dr SE, East Grand Forks, MN, 56721
$ 346,000
ROI
24.2Cash Flow/m
430- 3 Bed
- 2 Bath
- 1710 sft
21238 State Highway 220 SW, East Grand Forks, MN, 56721
$ 299,900
ROI
32.4Cash Flow/m
1056- 4 Bed
- 3 Bath
- 2604 sft
1807 5th Ave NW, East Grand Forks, MN, 56721
$ 349,900
ROI
22.1Cash Flow/m
231- 4 Bed
- 3 Bath
- 3152 sft
1509 7th Ave NW, East Grand Forks, MN, 56721
Why Invest in East Grand Forks, Minnesota?
Investing in East Grand Forks, MN, with properties under $500k offers a solid opportunity for steady rental income and moderate appreciation. The average cap rate hovers around 7%, supported by a rental yield near 6%. Investors can expect an average ROI of approximately 8%, with cash flow averaging $300 monthly. The city's renter-occupied rate of 45% indicates a stable tenant base, making it an attractive market for medium-budget real estate investments.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $500k in East Grand Forks is approximately 6%, reflecting steady rental demand and affordable market prices.
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