Under $500K Investment Properties for Sale in Kelliher, MN
325- 4 Bed
- 3 Bath
- 2080 sft
623- 3 Bed
- 2 Bath
- 1740 sft
75- 2 Bed
- - Bath
- 968 sft
241- 1 Bed
- 1 Bath
- 1014 sft
Why Invest in Kelliher, Minnesota?
Investing in properties under $500k in Kelliher, MN offers a unique opportunity to capitalize on an affordable market with promising rental yields. This small city shows a stable average return on investment around 7%, with cap rates near 6%, making it attractive for investors seeking steady cash flow. The average rent remains competitive at approximately $850, supporting an average cash flow of $300 per month. Appreciation trends in Kelliher have shown moderate growth around 3% annually. About 60% of housing units are renter-occupied, indicating a healthy rental market for investors focusing on affordable properties.
Frequently Asked Questions
Properties under $500k in Kelliher typically include single-family homes and small multi-family units. These options are ideal for investors looking for affordable entry points in a rural setting.
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