Under $500K Investment Properties for Sale in Long Lake, MN
Listed for sale today
$ 475,000
ROI
24.5
Cash Flow/m
628- 3 Bed
- 3 Bath
- 2178 sft
315 Heather Ln, Long Lake, MN, 55356
$ 449,900
ROI
29.5Cash Flow/m
1217- 4 Bed
- 3 Bath
- 2728 sft
241 Harrington Dr, Long Lake, MN, 55356
$ 449,900
ROI
21.3Cash Flow/m
189- 3 Bed
- 3 Bath
- 1825 sft
609 Blossom Cir, Long Lake, MN, 55356
$ 499,000
ROI
23.9Cash Flow/m
570- 3 Bed
- 2 Bath
- 1764 sft
125 Hackberry Hl, Long Lake, MN, 55356
Why Invest in Long Lake, Minnesota?
Investing in Long Lake, MN properties under $500k offers a balanced opportunity combining affordability with solid returns. The area shows average ROI of 7.2%, rental yields near 6%, and cap rates around 5%, making it attractive for diversified portfolios. With a steady average cash flow and appreciation rate of approximately 3%, Long Lake draws investors seeking moderate risk and growth. The renter-occupied rate stands at about 35%, reflecting a stable tenant base in a growing suburban market.
7.2%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$350/mo
Avg. Cash Flow
$1400/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Long Lake generally offer an average ROI of around 7.2%, balancing rental income with property appreciation in this market.
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