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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
$ 175,000
ROI
24.4
Cash Flow/m
225- 3 Bed
- 2 Bath
- 995 sft
902 NE 2nd Ave, Grand Rapids, MN, 55744
$ 129,000
ROI
30.8Cash Flow/m
394- 1 Bed
- 1 Bath
- 912 sft
11298 W Splithand Rd, Grand Rapids, MN, 55744
$ 168,000
ROI
36.4Cash Flow/m
779- 3 Bed
- 2 Bath
- 1368 sft
2108 SW 3rd Ave, Grand Rapids, MN, 55744
Currently Rented
Rental Income
$ 191,300
ROI
42.1Cash Flow/m
1187- 3 Bed
- 2 Bath
- 2656 sft
601 SW 1st 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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