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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Melrose, MN
Fix & Flip
$ 167,500
ROI
26.0
Cash Flow/m
291- 3 Bed
- 2 Bath
- 2016 sft
307 Riverside Ave NW, Melrose, MN, 56352
$ 150,000
ROI
25.5Cash Flow/m
238- 3 Bed
- 1 Bath
- 1912 sft
4 Riverside Ave NE, Melrose, MN, 56352
$ 160,000
ROI
32.5Cash Flow/m
600- 4 Bed
- 1 Bath
- 2216 sft
412 1st St SW, Melrose, MN, 56352
$ 185,000
ROI
34.0Cash Flow/m
732- 3 Bed
- 1 Bath
- 1376 sft
158 Par Dr SW, Melrose, MN, 56352
Why Invest in Melrose, Minnesota?
Investing in Melrose, MN offers unique opportunities, especially for properties under $200K. The market shows an average ROI of 7.8% with a strong rental yield near 9%. Cap rates stand steady at about 6.5%, making it attractive for investors seeking solid cash flow. Average rent levels are affordable, supporting steady demand from renter-occupied units, which make up approximately 56% of housing. Appreciation is moderate, supporting long-term gains.
7.8%
Avg. ROI
9%
Rental Yield
6.5%
Cap Rate
$550/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
Melrose offers a variety of affordable single-family homes, small multi-family units, and condos under $200K. These properties are ideal for investors focusing on rental income and stable cash flow.
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