Under $200K Investment Properties for Sale in Fairmont, MN
$ 174,900
ROI
32.9
Cash Flow/m
639- 3 Bed
- 3 Bath
- 3360 sft
407 E 6th St, Fairmont, MN, 56031
$ 199,000
ROI
24.8Cash Flow/m
281- 4 Bed
- 4 Bath
- 2700 sft
122 Woodland Ave, Fairmont, MN, 56031
$ 135,000
ROI
28.9Cash Flow/m
344- 2 Bed
- 2 Bath
- 1300 sft
922 E 1st St, Fairmont, MN, 56031
$ 154,000
ROI
26.1Cash Flow/m
271- 3 Bed
- 1 Bath
- 1218 sft
2437 Albion Ave, 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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