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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Mankato, MN
Listed for sale 6 days ago
$ 169,000
ROI
25.7
Cash Flow/m
280- 4 Bed
- 1 Bath
- 1344 sft
1519 N 4th St, Mankato, MN, 56001
$ 199,900
ROI
32.0Cash Flow/m
684- 3 Bed
- 1 Bath
- 1896 sft
1509 N 2nd St, Mankato, MN, 56001
$ 147,500
ROI
25.4Cash Flow/m
231- 2 Bed
- 1 Bath
- 972 sft
100 Cedar St APT 211, Mankato, MN, 56001
$ 149,900
ROI
31.3Cash Flow/m
482- 2 Bed
- 1 Bath
- 1680 sft
118 E Spring St, Mankato, MN, 56001
Why Invest in Mankato, Minnesota?
Investing in Mankato, MN properties under $200k offers a great opportunity for affordable entry into a growing market. The city boasts an average cap rate of 7.5% and rental yields near 8%, making it attractive for rental income. Steady average cash flow and an appreciation rate of 3% support long-term wealth building. With a renter-occupied rate of 40%, demand for rental housing remains strong in this vibrant community.
8%
Avg. ROI
7.8%
Rental Yield
7.5%
Cap Rate
$450/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $200k in Mankato is approximately 7.8%, making it an attractive market for rental income investors.
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