Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Heron Lake, MN
$ 210,000
ROI
28.5
Cash Flow/m
513- 4 Bed
- 3 Bath
- 1318 sft
38687 County Road 5, Heron Lake, MN, 56137
$ 110,000
ROI
26.2Cash Flow/m
197- 3 Bed
- 1 Bath
- 2000 sft
1122 4th Ave, Heron Lake, MN, 56137
$ 215,000
ROI
31.4Cash Flow/m
694- 4 Bed
- 2 Bath
- 2504 sft
802 3rd Ave, Heron Lake, MN, 56137
$ 179,500
ROI
29.9Cash Flow/m
509- 2 Bed
- 2 Bath
- 2262 sft
421 Smith Ave, Heron Lake, MN, 56137
Why Invest in Heron Lake, Minnesota?
Investing in Heron Lake, MN presents unique opportunities for those interested in a small-town real estate market. The area features an average ROI of 6.1% with a steady rental yield of 8.5%, indicating promising rental income potential. Cap rates remain competitive at around 7.3%, supported by an average cash flow of $350 per unit monthly. Median rents are affordable at $750, complemented by a steady appreciation rate of 2.8% annually. With a renter-occupied rate near 42%, the local market offers a balanced demand for rental housing.
6.1%
Avg. ROI
8.5%
Rental Yield
7.3%
Cap Rate
$350/mo
Avg. Cash Flow
$750/mo
Avg. Rent
2.8%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Heron Lake is approximately 8.5%, indicating strong returns on rental properties in the area.
Find Your Perfect Investment Property in Heron Lake, Minnesota
Explore investment opportunities by strategy, performance, or property type
