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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Grand Rapids, MN
Fix & Flip
Listed for sale 1 day ago
$ 120,000
ROI
24.4
Cash Flow/m
156- 3 Bed
- 2 Bath
- 1642 sft
508 NW 8th Ave, Grand Rapids, MN, 55744
Listed for sale 3 days ago
$ 174,900
ROI
29.1Cash Flow/m
457- 3 Bed
- 2 Bath
- 1097 sft
515 NE 6th St, Grand Rapids, MN, 55744
$ 175,000
ROI
24.7Cash Flow/m
241- 2 Bed
- 1 Bath
- 940 sft
33826 Red Oak Ln, Grand Rapids, MN, 55744
$ 199,900
ROI
25.3Cash Flow/m
310- 3 Bed
- 1 Bath
- 1440 sft
27679 Splithand Rd, Grand Rapids, MN, 55744
Why Invest in Grand Rapids, Minnesota?
Investing in Grand Rapids, MN, under $200k offers a unique opportunity to enter a stable and growing market. The area's average ROI stands at 7.2%, with a rental yield near 8%, supporting steady passive income. Cap rates hover around 6.5%, and average cash flow is strong for affordable properties. Average rent is approximately $950, while appreciation remains moderate at 2.5% annually. The renter-occupied rate of 54% reflects a healthy demand for rentals, ideal for investors focused on affordable housing segments.
7.2%
Avg. ROI
8%
Rental Yield
6.5%
Cap Rate
$650/mo
Avg. Cash Flow
$950/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $200,000 in Grand Rapids is approximately 8%, making it a promising market for income-focused investors.
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