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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 today
$ 469,800
ROI
20.0
Cash Flow/m
34- 5 Bed
- 4 Bath
- 3252 sft
305 Chancery Ln, Mankato, MN, 56001
Listed for sale 1 day ago
$ 274,900
ROI
26.4Cash Flow/m
511- 3 Bed
- 2 Bath
- 1254 sft
118 Agency Rd, Mankato, MN, 56001
Listed for sale 2 days ago
$ 204,999
ROI
24.6Cash Flow/m
274- 3 Bed
- 2 Bath
- 1272 sft
445 Tanager Path, Mankato, MN, 56001
Listed for sale 4 days ago
$ 329,900
ROI
21.5Cash Flow/m
155- 4 Bed
- 2 Bath
- 2928 sft
1520 N Broad 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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