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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Mankato, MN
Listed for sale 1 day ago
$ 219,900
ROI
28.6
Cash Flow/m
541- 2 Bed
- 1 Bath
- 1526 sft
314 W 10th St, Mankato, MN, 56001
Listed for sale 1 day ago
$ 204,900
ROI
24.9Cash Flow/m
294- 2 Bed
- 2 Bath
- 1728 sft
801 N 4th St, Mankato, MN, 56001
Listed for sale 2 days ago
$ 179,900
ROI
25.0Cash Flow/m
261- 2 Bed
- 1 Bath
- 1950 sft
223 Owatonna St, Mankato, MN, 56001
Listed for sale 2 days ago
$ 180,000
ROI
24.5Cash Flow/m
240- 3 Bed
- 1 Bath
- 1839 sft
322 E Vine St, Mankato, MN, 56001
Why Invest in Mankato, Minnesota?
Investing in Mankato, MN, especially properties under $300k, offers competitive rental yields and stable cash flow. The city's average ROI hovers around 8%, driven by a steady appreciation rate of 3% annually. With a cap rate near 6%, investors can expect consistent returns from a renter-occupied market exceeding 50%. This affordable price segment attracts a diverse tenant base, making it a reliable choice for long-term passive income.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$850/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Most properties under $300k in Mankato are single-family homes and small multifamily units. These properties appeal to first-time investors and provide stable rental income due to local demand.
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