Under $500K Investment Properties for Sale in Garfield, MN
202- 4 Bed
- 3 Bath
- 2016 sft
234- 1 Bed
- 2 Bath
- 1236 sft
213- 3 Bed
- 1 Bath
- 2288 sft
251- 4 Bed
- 3 Bath
- 2704 sft
Why Invest in Garfield, Minnesota?
Investing in Garfield, MN offers a unique opportunity to acquire properties under $500k in a stable market. The area shows an average ROI of 7.3%, reflecting solid rental demand and steady appreciation rates near 3%. Rental yields average around 7%, making it attractive for cash flow investors. Vacancy rates remain low, and the renter-occupied housing proportion is about 60%, highlighting a consistent tenant base. Cap rates average 6.5%, supporting long-term steady returns.
Frequently Asked Questions
Properties under $500k in Garfield typically include single-family homes and small multifamily units, ideal for first-time investors or those seeking moderate cash flow. The market favors well-maintained homes in established neighborhoods.
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