Under $300K 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 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.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$500/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The rental yield for properties under $300k in Lutsen averages around 6%, reflecting steady rental demand driven by tourism.
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