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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
$ 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
$ 435,000
ROI
26.8Cash Flow/m
852- 5 Bed
- 3 Bath
- 2669 sft
7 Dellview Ln, 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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