Investment Properties for Sale in Iron, MN
Listed for sale 7 days ago
$ 108,900
ROI
26.0
Cash Flow/m
190- 3 Bed
- 2 Bath
- 984 sft
8739 3rd St S, Iron, MN, 55751
$ 159,000
ROI
25.2Cash Flow/m
241- 3 Bed
- 2 Bath
- 1056 sft
9421 Iron Junction Rd, Iron, MN, 55751
$ 294,500
ROI
26.0Cash Flow/m
515- 3 Bed
- 2 Bath
- 1392 sft
8783 Iron Junction Rd, Iron, MN, 55751
$ 319,900
ROI
23.3Cash Flow/m
317- 3 Bed
- 2 Bath
- 1288 sft
8932 Barnum Rd, 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.
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