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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Elk River, MN
$ 264,900
ROI
27.8
Cash Flow/m
594- 2 Bed
- 2 Bath
- 1872 sft
10623 171st Ave NW, Elk River, MN, 55330
$ 289,000
ROI
31.6Cash Flow/m
952- 3 Bed
- 2 Bath
- 1524 sft
314 Railroad Dr NW, Elk River, MN, 55330
$ 254,900
ROI
27.7Cash Flow/m
561- 2 Bed
- 3 Bath
- 1575 sft
10613 172nd Ln NW, Elk River, MN, 55330
$ 285,000
ROI
21.9Cash Flow/m
168- 3 Bed
- 2 Bath
- 1632 sft
616 Jefferson Ln NW, Elk River, MN, 55330
Why Invest in Elk River, Minnesota?
Investing in Elk River, MN properties under $300k offers a unique opportunity to tap into a growing suburban market with solid rental demand. The area shows an average ROI of 7%, rental yields near 6.5%, and appealing cash flow for investors targeting affordable housing. Cap rates remain steady around 5.5%, supported by a stable appreciation of 3% annually. Renter occupancy stands at 64%, reflecting consistent tenant interest in this price range.
7%
Avg. ROI
6.5%
Rental Yield
5.5%
Cap Rate
$850/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $300k in Elk River is approximately 6.5%, providing a solid income stream for investors.
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