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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Hermantown, MN
Fix & Flip
$ 240,000
ROI
26.1
Cash Flow/m
421- 2 Bed
- 2 Bath
- 1675 sft
4201 Lavaque Rd, Hermantown, MN, 55811
$ 300,000
ROI
25.1Cash Flow/m
445- 2 Bed
- 1 Bath
- 1052 sft
5035 Maple Grove Rd, Hermantown, MN, 55811
$ 245,000
ROI
29.0Cash Flow/m
633- 2 Bed
- 1 Bath
- 865 sft
3919 Getchell Rd, Hermantown, MN, 55811
$ 270,000
ROI
26.5Cash Flow/m
503- 2 Bed
- 1 Bath
- 1024 sft
5485 W Arrowhead Rd, Hermantown, MN, 55811
Why Invest in Hermantown, Minnesota?
Investing in Hermantown, MN under the $300k range offers a solid opportunity for real estate investors seeking value in a growing city near Duluth. This segment attracts rental tenants due to affordable pricing and a balanced rental yield of approximately 7.5%. Expect an average ROI of 8% with cap rates around 6.2%. Average cash flow remains positive, supported by a median rent of $950. Real estate appreciation remains steady at about 3% annually with a renter-occupied population of 40%.
8%
Avg. ROI
7.5%
Rental Yield
6.2%
Cap Rate
$150/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $300k in Hermantown is approximately 7.5%, making it a competitive market for rental income.
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