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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Grand Marais, MN
Listed for sale 3 days ago
$ 100,000
ROI
25.7
Cash Flow/m
167- - Bed
- - Bath
- 640 sft
728 Caspers Hill Rd, Grand Marais, MN, 55604
Rental Income
$ 337,500
ROI
22.4Cash Flow/m
246- 2 Bed
- 2 Bath
- 1210 sft
420 5th Ave W, Grand Marais, MN, 55604
$ 105,000
ROI
26.2Cash Flow/m
188- 3 Bed
- 1 Bath
- 845 sft
301 3rd Ave SE, Grand Marais, MN, 56721
$ 355,000
ROI
19.9Cash Flow/m
15- 3 Bed
- 1 Bath
- 2700 sft
1735 E Highway 61, Grand Marais, MN, 55604
Why Invest in Grand Marais, Minnesota?
Investing in Grand Marais, MN offers a unique opportunity to tap into a charming small city with growing tourism and stable rental demand. Properties here yield attractive cap rates of around 7%, supported by a steady rental yield near 6%. Average cash flow remains competitive, driven by reasonable rents averaging $900 per month and appreciation rates of 3.5%. With renter occupancy holding steady at 65%, investors can expect moderate but reliable returns in this scenic Lake Superior town.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$250/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Grand Marais is approximately 6%, making it a solid choice for investors seeking steady income.
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