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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Luverne, MN
Listed for sale 1 day ago
$ 240,000
ROI
19.8
Cash Flow/m
1- 3 Bed
- 2 Bath
- 1968 sft
1009 Elmwood Ave, Luverne, MN, 56156
$ 117,400
ROI
30.3Cash Flow/m
346- - Bed
- - Bath
- 2196 sft
111 & 111-1/2 W Warren St, Luverne, MN, 56156
$ 225,000
ROI
21.3Cash Flow/m
95- 3 Bed
- 2 Bath
- 1674 sft
413 W Bishop St, Luverne, MN, 56156
$ 189,000
ROI
31.5Cash Flow/m
620- 2 Bed
- 1 Bath
- 988 sft
210 W Adams Ave, Luverne, MN, 56156
Why Invest in Luverne, Minnesota?
Investing in Luverne, MN with properties under $500k offers a unique opportunity for cost-effective real estate ventures. This market exhibits a stable average ROI around 6%, with rental yields near 8%. Cap rates are attractive at approximately 7%, supporting healthy cash flow potential. Average rents remain affordable, encouraging consistent renter occupancy above 60%. Appreciation trends suggest steady property value growth in this area.
6%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$450/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $500k in Luverne is approximately 8%, providing solid income for investors.
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