Under $500K Investment Properties for Sale in Kelly Lake, MN

Property at 111 3rd Ave N, Kelly Lake, MN
$ 224,900
ROI
25.9ROI percentage
Cash Flow/m
Dollar sign386
  • 3 Bed
  • 1 Bath
  • 1788 sft
111 3rd Ave N, Kelly Lake, MN, 55746
Property at 400 2nd Ave N, Kelly Lake, MN
$ 149,900
ROI
26.1ROI percentage
Cash Flow/m
Dollar sign264
  • 3 Bed
  • 2 Bath
  • 1400 sft
400 2nd Ave N, Kelly Lake, MN, 55746
Property at 401 Center Ave, Kelly Lake, MN
$ 150,000
ROI
26.1ROI percentage
Cash Flow/m
Dollar sign263
  • 3 Bed
  • 1 Bath
  • 1380 sft
401 Center Ave, Kelly Lake, MN, 55746
Property at 404 2nd Ave N, Kelly Lake, MN
$ 159,900
ROI
24.3ROI percentage
Cash Flow/m
Dollar sign202
  • 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 offers unique opportunities under $500k, making it attractive for budget-conscious investors. The area boasts a solid average ROI of 6.5% and a rental yield around 7%, supported by steady rental demand. Cap rates consistently hover near 6%, with average cash flows offering reliable income streams. Appreciation trends remain positive at about 3% annually, supported by a renter-occupied rate just over 50%. Government data highlights a growing local economy with stable employment.

6.5%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$750/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

Properties under $500k in Kelly Lake mainly include single-family homes, small multifamily units, and some condos. These properties generally offer good investment potential with manageable entry costs.

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