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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
$ 169,000
ROI
31.2
Cash Flow/m
538- 3 Bed
- 2 Bath
- 1092 sft
941 School St, Fairmont, MN, 56031
$ 175,000
ROI
25.3Cash Flow/m
268- 4 Bed
- 2 Bath
- 3394 sft
940 Victoria St, Fairmont, MN, 56031
$ 179,900
ROI
29.3Cash Flow/m
480- 2 Bed
- 2 Bath
- 1182 sft
101 Albion Ave APT 307, Fairmont, MN, 56031
$ 149,900
ROI
25.1Cash Flow/m
221- 3 Bed
- 3 Bath
- 2112 sft
419 Webster 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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