Under $300K Investment Properties for Sale in Lake Elmo, MN
$ 129,900
ROI
25.2
Cash Flow/m
196- 3 Bed
- 2 Bath
- 1216 sft
47 Cimarron, Lake Elmo, MN, 55042
$ 136,500
ROI
24.5Cash Flow/m
182- 3 Bed
- 3 Bath
- 1460 sft
154 Cimarron #154, Lake Elmo, MN, 55042
$ 129,900
ROI
26.1Cash Flow/m
231- 3 Bed
- 2 Bath
- 1216 sft
Mapleton Plan, Cimarron Park & Golf, Lake Elmo, MN, 55042
$ 129,900
ROI
26.1Cash Flow/m
228- 3 Bed
- 2 Bath
- 1216 sft
Glenwood Plan, Cimarron Park & Golf, Lake Elmo, MN, 55042
Why Invest in Lake Elmo, Minnesota?
Investing in Lake Elmo, MN properties under $300k offers a strategic entry into a growing suburban market near the Twin Cities. This price range appeals to first-time investors seeking solid average ROI of 7% with rental yields around 6%. Cap rates remain competitive at 5.5%, supporting steady cash flow and appreciation potential. As the area's renter-occupied rate exceeds 40%, there's consistent tenant demand driven by local economic stability and accessible amenities.
7%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$900/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average ROI for properties under $300,000 in Lake Elmo hovers around 7%, reflecting solid growth potential and rental yields.
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