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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Fairmont, MN
$ 129,900
ROI
20.1
Cash Flow/m
11- 2 Bed
- 1 Bath
- 937 sft
232 S Dewey St APT 102, Fairmont, MN, 56031
$ 103,999
ROI
22.8Cash Flow/m
87- 1 Bed
- 1 Bath
- 1040 sft
2679 Albion Ave APT 103, Fairmont, MN, 56031
$ 110,000
ROI
40.6Cash Flow/m
637- 2 Bed
- 2 Bath
- 1000 sft
232 S Dewey St APT 108, Fairmont, MN, 56031
$ 169,000
ROI
21.7Cash Flow/m
89- 2 Bed
- 1 Bath
- 1011 sft
101 Albion Ave APT 202, Fairmont, MN, 56031
Why Invest in Fairmont, Minnesota?
Investing in condos in Fairmont, MN, offers attractive opportunities with average rental yields around 7%, cap rates of approximately 6%, and positive cash flow metrics. The stable appreciation rate near 3% annually, combined with a renter occupancy rate close to 70%, supports a strong rental market. Fairmont's local economy features solid employment and income growth, which benefits real estate investors. Focusing on condos in this growing Minnesota city can yield consistent returns backed by reliable government data.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$150/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Fairmont is approximately 7%, reflecting a strong rental market with steady demand.
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