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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
Listed for sale 3 days ago
$ 249,900
ROI
20.0
Cash Flow/m
14- 2 Bed
- 2 Bath
- 1658 sft
293 Evans Ave NW, Elk River, MN, 55330
Listed for sale 7 days ago
$ 185,000
ROI
25.2Cash Flow/m
280- 2 Bed
- 1 Bath
- 1049 sft
548 Auburn Pl NW #A, Elk River, MN, 55330
Fix & Flip
Motivated Seller
$ 289,000
ROI
22.3Cash Flow/m
201- 4 Bed
- 3 Bath
- 2104 sft
1837 8th St NW, Elk River, MN, 55330
Fix & Flip
$ 270,000
ROI
21.8Cash Flow/m
155- 2 Bed
- 2 Bath
- 1420 sft
18062 Vance Cir 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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