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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 2 days ago
$ 169,900
ROI
25.5
Cash Flow/m
271- 3 Bed
- 2 Bath
- 2414 sft
704 Washington Ave, Fairmont, MN, 56031
$ 119,900
ROI
25.3Cash Flow/m
184- 2 Bed
- 1 Bath
- 1960 sft
120 W 9th St, Fairmont, MN, 56031
$ 149,900
ROI
25.9Cash Flow/m
257- 2 Bed
- 2 Bath
- 1481 sft
2679 Albion Ave APT 305, Fairmont, MN, 56031
$ 105,000
ROI
25.4Cash Flow/m
165- 2 Bed
- 1 Bath
- 1265 sft
1365 Oak Beach Dr, 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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