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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
$ 194,900
ROI
26.2
Cash Flow/m
347- 1 Bed
- 1 Bath
- 1304 sft
3841 Haines Rd, Hermantown, MN, 55811
$ 289,900
ROI
23.0Cash Flow/m
258- 3 Bed
- 1 Bath
- 956 sft
3605 Copley Rd, Hermantown, MN, 55811
$ 126,500
ROI
24.8Cash Flow/m
178- 3 Bed
- 2 Bath
- 1120 sft
5081 Boulder Dr, Hermantown, MN, 55811
$ 214,900
ROI
29.4Cash Flow/m
578- 2 Bed
- 1 Bath
- 960 sft
3717 Haines 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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