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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
Listed for sale 4 days ago
$ 449,999
ROI
20.9
Cash Flow/m
148- 4 Bed
- 2 Bath
- 2084 sft
9170 Jamaca Ct N, Lake Elmo, MN, 55042
Listed for sale 5 days ago
$ 415,000
ROI
22.1Cash Flow/m
271- 3 Bed
- 3 Bath
- 1640 sft
3590 Laverne Ave N, Lake Elmo, MN, 55042
Currently Rented
$ 102,500
ROI
26.0Cash Flow/m
177- 3 Bed
- 2 Bath
- 1056 sft
493 Cimarron #493, Lake Elmo, MN, 55042
$ 439,900
ROI
25.1Cash Flow/m
659- 3 Bed
- 3 Bath
- 1983 sft
173 Junco Rd 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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