Condo Investment Properties for Sale in Mankato, MN
Listed for sale 5 days ago
$ 308,000
ROI
30.3
Cash Flow/m
901- 3 Bed
- 3 Bath
- 1800 sft
3216 Scotch Ln, Mankato, MN, 56001
Listed for sale 6 days ago
$ 209,900
ROI
22.2Cash Flow/m
144- 2 Bed
- 2 Bath
- 1072 sft
110-6 Teton Ln, Mankato, MN, 56001
$ 254,900
ROI
28.3Cash Flow/m
603- 2 Bed
- 2 Bath
- 1273 sft
150 Oxford Path, Mankato, MN, 56001
$ 369,900
ROI
20.0Cash Flow/m
25- 2 Bed
- 2 Bath
- 1512 sft
129 Cameo Ln, Mankato, MN, 56001
Why Invest in Mankato, Minnesota?
Investing in condos in Mankato, MN offers a stable opportunity with an average ROI of 6.5% and a rental yield of 7.0%. This market features solid appreciation rates around 3.0% annually and cap rates averaging 5.5%. The average monthly rent sits near $1,200, supporting good cash flow for investors. Mankato's renter-occupied rate of 45% reflects strong demand for rental condos in this vibrant city.
6.5%
Avg. ROI
7%
Rental Yield
5.5%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average ROI for condo investments in Mankato is approximately 6.5%, supported by solid rental yields and appreciation trends.
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