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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
$ 335,000
ROI
25.8
Cash Flow/m
566- 4 Bed
- 2 Bath
- 2940 sft
209 Viking Dr, Mankato, MN, 56001
Listed for sale 2 days ago
$ 175,000
ROI
25.8Cash Flow/m
294- 3 Bed
- 1 Bath
- 2435 sft
318 Carroll St, Mankato, MN, 56001
Listed for sale 6 days ago
$ 210,000
ROI
28.1Cash Flow/m
489- 3 Bed
- 2 Bath
- 1443 sft
192 Long St, Mankato, MN, 56001
Listed for sale 6 days ago
$ 389,900
ROI
24.2Cash Flow/m
485- 4 Bed
- 2 Bath
- 2210 sft
104 Bunker Ct, 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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