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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Lake Lillian, MN
$ 215,000
ROI
22.1
Cash Flow/m
137- 4 Bed
- 2 Bath
- 2042 sft
110 Park Ave, Lake Lillian, MN, 56253
$ 225,000
ROI
33.2Cash Flow/m
839- 4 Bed
- 2 Bath
- 2805 sft
330 1st St W, Lake Lillian, MN, 56253
$ 215,000
ROI
28.7Cash Flow/m
534- 3 Bed
- 2 Bath
- 1716 sft
221 Woodlawn Ave, Lake Lillian, MN, 56253
$ 259,000
ROI
20.7Cash Flow/m
70- 3 Bed
- 1 Bath
- 988 sft
8737 123rd Ave SE, Lake Lillian, MN, 56253
Why Invest in Lake Lillian, Minnesota?
Investing in Lake Lillian, MN, with properties under $500k offers a unique opportunity to tap into a growing rental market with solid cash flow potential. The area's average rental yield of 7.2% aligns well with regional trends, supported by a cap rate of 6.5%. Appreciation rates near 3% annually complement an average cash flow of $900 per property. Lake Lillian's rental occupancy rate stands strong at 68%, making it a promising choice for investment.
9.5%
Avg. ROI
7.2%
Rental Yield
6.5%
Cap Rate
$900/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Lake Lillian mainly include single-family homes and small multifamily units. These properties offer good opportunities for rental income given local market demand.
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