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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Lake Elmo, MN
Currently Rented
$ 102,500
ROI
24.5
Cash Flow/m
135- 3 Bed
- 2 Bath
- 1056 sft
493 Cimarron #493, Lake Elmo, MN, 55042
$ 145,900
ROI
25.2Cash Flow/m
220- 3 Bed
- 2 Bath
- 1460 sft
23 Cimarron #23, Lake Elmo, MN, 55042
$ 159,900
ROI
24.4Cash Flow/m
205- 4 Bed
- 2 Bath
- 1564 sft
343 Cimarron #343, Lake Elmo, MN, 55042
$ 159,900
ROI
24.7Cash Flow/m
220- 4 Bed
- 2 Bath
- 1564 sft
301 Cimarron #301, 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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