Under $300K Investment Properties for Sale in Mankato, MN
Listed for sale 2 days ago
$ 269,900
ROI
26.1
Cash Flow/m
478- 3 Bed
- 1 Bath
- 1154 sft
214 Rogers St, Mankato, MN, 56001
Listed for sale 4 days ago
$ 229,900
ROI
22.5Cash Flow/m
176- 2 Bed
- 1 Bath
- 1816 sft
1311 N 5th St, Mankato, MN, 56001
Listed for sale 5 days ago
$ 209,900
ROI
22.2Cash Flow/m
144- 2 Bed
- 2 Bath
- 1072 sft
110-6 Teton Ln, Mankato, MN, 56001
Listed for sale 5 days ago
$ 259,000
ROI
26.6Cash Flow/m
491- 3 Bed
- 2 Bath
- 2490 sft
130 Eastwood Dr, 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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