Investment Properties for Sale in Lutsen, MN
$ 119,000
ROI
24.6
Cash Flow/m
159- - Bed
- - Bath
- 314 sft
4 Steam Engine Rd, Lutsen, MN, 55612
$ 199,000
ROI
31.2Cash Flow/m
635- 1 Bed
- - Bath
- 240 sft
72 Nicole Kristine Lane, Lutsen, MN, 55612
Rental Income
$ 269,000
ROI
22.4Cash Flow/m
198- 1 Bed
- 1 Bath
- 733 sft
180 Caribou Tr, Lutsen, MN, 55612
$ 299,900
ROI
19.8Cash Flow/m
5- 1 Bed
- - Bath
- 582 sft
10 Gust Lake Dr, Lutsen, MN, 55612
Why Invest in Lutsen, Minnesota?
Investing in Lutsen, MN offers a unique opportunity to benefit from the area's strong rental demand driven by tourism. Investors focused on vacation rentals can see attractive cap rates averaging around 7%. The average cash flow remains positive due to steady rental yield near 6%, supported by limited housing supply. Appreciation rates have been modest at 3%, reflecting stable market conditions. Rental occupancy is high, with renter-occupied properties comprising roughly 35% of the market.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$1200/mo
Avg. Cash Flow
$1400/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Lutsen's strong tourism industry drives high rental demand, especially for vacation rentals. Investors can benefit from favorable cap rates and steady cash flow in a stable market.
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