Under $500K Investment Properties for Sale in Lake Elmo, MN
Listed for sale 6 days ago
$ 360,000
ROI
27.1
Cash Flow/m
736- 3 Bed
- 3 Bath
- 1911 sft
9799 5th Street Ln N, Lake Elmo, MN, 55042
Fix & Flip
Listed for sale 7 days ago
$ 350,000
ROI
21.8Cash Flow/m
194- 3 Bed
- 2 Bath
- 2370 sft
8370 59th St N, Lake Elmo, MN, 55042
$ 405,000
ROI
27.5Cash Flow/m
871- 3 Bed
- 3 Bath
- 1983 sft
9516 4th St N, Lake Elmo, MN, 55042
$ 360,000
ROI
26.5Cash Flow/m
670- 3 Bed
- 3 Bath
- 1763 sft
9933 5th Street Ln N, Lake Elmo, MN, 55042
Why Invest in Lake Elmo, Minnesota?
Investing in Lake Elmo, MN properties under $500k offers stable cash flow and competitive cap rates. The city benefits from a growing rental market with an average rental yield above state norms and steady property appreciation. The average ROI attracts long-term investors seeking moderate risk with consistent returns. With a renter-occupied rate that supports demand, Lake Elmo remains an appealing choice for real estate investment under $500k.
7.1%
Avg. ROI
6.2%
Rental Yield
5.4%
Cap Rate
$350/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
Under $500k, investors typically find single-family homes and small multifamily properties in Lake Elmo. These homes often appeal to families or rentals with steady demand.
Find Your Perfect Investment Property in Lake Elmo, Minnesota
Explore investment opportunities by strategy, performance, or property type
