Under $300K Investment Properties for Sale in Kelly Lake, MN
$ 224,900
ROI
25.9
Cash Flow/m
386- 3 Bed
- 1 Bath
- 1788 sft
111 3rd Ave N, Kelly Lake, MN, 55746
$ 149,900
ROI
26.1Cash Flow/m
264- 3 Bed
- 2 Bath
- 1400 sft
400 2nd Ave N, Kelly Lake, MN, 55746
$ 150,000
ROI
26.1Cash Flow/m
263- 3 Bed
- 1 Bath
- 1380 sft
401 Center Ave, Kelly Lake, MN, 55746
$ 159,900
ROI
24.3Cash Flow/m
202- 2 Bed
- 1 Bath
- 1656 sft
404 2nd Ave N, Kelly Lake, MN, 55746
Why Invest in Kelly Lake, Minnesota?
Investing in Kelly Lake, MN properties under $300k offers affordable entry into a stable market. The area shows an average ROI of 7.5%, rental yields around 6.2%, and a cap rate near 5.8%, with steady cash flow and appreciation potential. Kelly Lake's moderate renter occupancy and consistent rental demand make it an attractive option for investors focusing on smaller-budget multifamily or single-family homes.
7.5%
Avg. ROI
6.2%
Rental Yield
5.8%
Cap Rate
$1200/mo
Avg. Cash Flow
$950/mo
Avg. Rent
2.3%
1Y Appreciation
Frequently Asked Questions
Properties under $300k in Kelly Lake primarily include single-family homes and smaller multifamily units suitable for entry-level investors. These properties offer moderate rental income potential with manageable maintenance costs.
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