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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Mankato, MN
Listed for sale 1 day ago
$ 469,900
ROI
22.7
Cash Flow/m
384- 3 Bed
- 2 Bath
- 1709 sft
2156 Deerwood Dr, Mankato, MN, 56003
Listed for sale 2 days ago
$ 369,900
ROI
20.0Cash Flow/m
25- 2 Bed
- 2 Bath
- 1512 sft
129 Cameo Ln, Mankato, MN, 56001
Listed for sale 2 days ago
$ 293,000
ROI
31.1Cash Flow/m
929- 4 Bed
- 3 Bath
- 2200 sft
313 E Lime St, Mankato, MN, 56001
Listed for sale 3 days ago
$ 259,000
ROI
22.3Cash Flow/m
183- 3 Bed
- 2 Bath
- 2240 sft
2541 E Main St, Mankato, MN, 56001
Why Invest in Mankato, Minnesota?
Investing in Mankato, MN under $500k offers a balanced entry into Minnesota's real estate market with solid rental yields and steady appreciation. This city benefits from a rental yield averaging 7%, making it an attractive option for investors seeking consistent cash flow. The capitalization rate around 6% and average cash flow of $350 per month highlight its profitability. Population growth and a strong renter-occupied rate near 47% underpin stable demand, making under $500k properties particularly appealing investments.
7.2%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $500k in Mankato is around 7%, reflecting solid rental income potential for investors.
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