Under $200K Investment Properties for Sale in Grand Rapids, MN
Listed for sale 1 day ago
$ 189,900
ROI
33.2
Cash Flow/m
710- 3 Bed
- 1 Bath
- 912 sft
33137 Gary Dr, Grand Rapids, MN, 55744
$ 189,900
ROI
24.7Cash Flow/m
262- 2 Bed
- 2 Bath
- 1394 sft
309 SW 10th Ave, Grand Rapids, MN, 55744
$ 179,000
ROI
24.1Cash Flow/m
214- 1 Bed
- 1 Bath
- 600 sft
609 NE 5th Ave, Grand Rapids, MN, 55744
$ 167,500
ROI
25.5Cash Flow/m
270- 2 Bed
- 1 Bath
- 840 sft
822 NW 7th Ave, 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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