Under $500K Investment Properties for Sale in Kelly Lake, MN
373- 3 Bed
- 1 Bath
- 1788 sft
263- 3 Bed
- 1 Bath
- 1380 sft
202- 2 Bed
- 1 Bath
- 1656 sft
372- 2 Bed
- 2 Bath
- 1357 sft
- 1 Bed
- 1 Bath
- 735 sft
- 1 Bed
- 1 Bath
- 668 sft
154- 3 Bed
- 1 Bath
- 2252 sft
143- 1 Bed
- 1 Bath
- 1016 sft
- 3 Bed
- 3 Bath
- 2316 sft
174- 2 Bed
- 1 Bath
- 796 sft
179- 3 Bed
- 1 Bath
- 815 sft
127- 3 Bed
- 2 Bath
- 2694 sft
174- 3 Bed
- 1 Bath
- 1684 sft
180- 2 Bed
- 2 Bath
- 1330 sft
- 1 Bed
- 1 Bath
- 650 sft
-- 3 Bed
- 2 Bath
- 1358 sft
151- 3 Bed
- 2 Bath
- 1456 sft
151- 3 Bed
- 1 Bath
- 680 sft
172- 3 Bed
- 3 Bath
- 1900 sft
-- 3 Bed
- 1 Bath
- 2157 sft
133- 3 Bed
- 2 Bath
- 1296 sft
167- - Bed
- - Bath
- 640 sft
419- 4 Bed
- 3 Bath
- 2760 sft
172- 3 Bed
- 2 Bath
- 1216 sft
- 1 Bed
- 1 Bath
- 700 sft
160- 3 Bed
- 2 Bath
- 1244 sft
129- 3 Bed
- 2 Bath
- 1296 sft
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.
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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