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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Fairmont, MN
Listed for sale 5 days ago
$ 189,000
ROI
30.7
Cash Flow/m
575- 3 Bed
- 2 Bath
- 2158 sft
106 Webster St, Fairmont, MN, 56031
Listed for sale 6 days ago
$ 159,900
ROI
24.3Cash Flow/m
204- 3 Bed
- 2 Bath
- 1924 sft
127 Lake Park Blvd, Fairmont, MN, 56031
$ 199,900
ROI
20.1Cash Flow/m
20- 2 Bed
- 1 Bath
- 972 sft
1620 Blue Jay Blvd, Fairmont, MN, 56031
$ 167,000
ROI
25.8Cash Flow/m
280- 3 Bed
- 2 Bath
- 2206 sft
954 Victoria St, Fairmont, MN, 56031
Why Invest in Fairmont, Minnesota?
Investing in Fairmont, MN properties under $200k offers a compelling entry point to the local real estate market. The city boasts an average ROI of around 7% and a cap rate near 6%, reflecting solid potential for steady returns. Rental yields typically hover around 8%, driven by competitive average rents near $900 monthly. Appreciation rates remain steady at roughly 3% annually, with renter occupancy rates exceeding 60%, making Fairmont a strong choice for value-focused investors.
7%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties priced under $200k in Fairmont is around 8%, reflecting strong rental demand and moderate rental rates.
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