Under $200K Investment Properties for Sale in Grand Marais, MN
167- - Bed
- - Bath
- 640 sft
188- 3 Bed
- 1 Bath
- 845 sft
158- 1 Bed
- - Bath
- 320 sft
386- - Bed
- - Bath
- - sft
Why Invest in Grand Marais, Minnesota?
Investing in Grand Marais, MN, offers unique opportunities especially for properties under $200k. This charming city presents an average ROI of 7.2%, rental yield around 6.5%, and cap rates near 5.8%, making it attractive for budget-conscious investors. With average cash flow steady at $550 monthly and appreciation rates about 3%, Grand Marais balances growth and affordability. The renter-occupied rate is 42%, signifying a solid rental market fueled by local economy and tourism.
Frequently Asked Questions
Properties under $200k in Grand Marais typically include smaller single-family homes and some condos. These affordable options provide good entry points for new investors and often have solid rental potential.
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