Under $300K Investment Properties for Sale in Lutsen, MN

Investing in properties under $300k in Lutsen, MN offers a unique opportunity in a growing tourist destination with steady rental demand. The area benefits from an average ROI of 7%, rental yields around 6%, and a cap rate near 5%. Properties here generate an avg cash flow of approximately $500 monthly, with average rents close to $1,200. Appreciation rates are moderate at about 2% annually, supported by a largely renter-occupied market of 55%. This makes Lutsen an attractive locale for stable, long-term real estate investments.