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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Iron, MN

$ 319,900
ROI
23.3
Cash Flow/m
317- 3 Bed
- 2 Bath
- 1288 sft
8932 Barnum Rd, Iron, MN, 55751

$ 220,000
ROI
30.6
Cash Flow/m
664- 3 Bed
- 1 Bath
- 1232 sft
3805 Fraser Rd, Iron, MN, 55751

$ 429,000
ROI
20.3
Cash Flow/m
60- 4 Bed
- 3 Bath
- 2709 sft
3535 Mayry Rd, Iron, MN, 55751

$ 495,000
ROI
21.7
Cash Flow/m
265- 4 Bed
- 2 Bath
- 2980 sft
4017 Highway 25, Iron, MN, 55751
Why Invest in Iron, Minnesota?
Iron Range in Minnesota offers a unique investment opportunity with a stable average ROI of 7%. The rental yield here hovers around 8%, making rental properties particularly attractive. Investors can expect a moderate cap rate near 6.5%, with average cash flow at $350 per unit monthly. The region benefits from a steady appreciation rate of 3%, supported by a renter-occupied rate of 42%. This area is especially appealing due to its historic mining economy and emerging diversification.
7%
Avg. ROI
8%
Rental Yield
6.5%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Iron Range is about 8%, making it attractive for rental property investors. This reflects stable rental demand and moderate rental rates.
Find Your Perfect Investment Property in Iron, Minnesota
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