Under $500K 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 4 days ago
$ 308,000
ROI
30.3Cash Flow/m
901- 3 Bed
- 3 Bath
- 1800 sft
3216 Scotch Ln, Mankato, MN, 56001
Listed for sale 5 days ago
$ 359,750
ROI
19.9Cash Flow/m
16- 3 Bed
- 2 Bath
- 1279 sft
108 Ridge 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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