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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
$ 164,900
ROI
24.0
Cash Flow/m
197- 3 Bed
- 2 Bath
- 2232 sft
711 Willow St, Fairmont, MN, 56031
$ 145,900
ROI
26.0Cash Flow/m
255- 3 Bed
- 2 Bath
- 2100 sft
723 Tilden St, Fairmont, MN, 56031
Fix & Flip
$ 199,900
ROI
24.3Cash Flow/m
252- 3 Bed
- 2 Bath
- 1282 sft
1304 S State St, Fairmont, MN, 56031
$ 182,500
ROI
30.0Cash Flow/m
522- 3 Bed
- 2 Bath
- 2184 sft
1234 Hickory 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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