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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Lake Elmo, MN
Fix & Flip
Listed for sale 3 days ago
$ 350,000
ROI
21.7
Cash Flow/m
188- 3 Bed
- 2 Bath
- 2370 sft
8370 59th St N, Lake Elmo, MN, 55042
Listed for sale 3 days ago
$ 350,000
ROI
27.9Cash Flow/m
797- 3 Bed
- 3 Bath
- 1904 sft
9868 5th Street Ln N, Lake Elmo, MN, 55042
Currently Rented
$ 102,500
ROI
24.5Cash Flow/m
135- 3 Bed
- 2 Bath
- 1056 sft
493 Cimarron #493, Lake Elmo, MN, 55042
$ 385,000
ROI
24.8Cash Flow/m
543- 3 Bed
- 3 Bath
- 1974 sft
9913 59th Street Ct 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.
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