Under $200K Investment Properties for Sale in Mountain Iron, MN
135- 2 Bed
- 1 Bath
- 292 sft
818- 2 Bed
- 2 Bath
- 1984 sft
204- 3 Bed
- 2 Bath
- 1252 sft
138- - Bed
- - Bath
- 640 sft
419- 4 Bed
- 3 Bath
- 2760 sft
- 2 Bed
- 2 Bath
- 1010 sft
- 1 Bed
- 1 Bath
- 624 sft
172- 3 Bed
- 2 Bath
- 1216 sft
- 1 Bed
- 1 Bath
- 700 sft
169- 3 Bed
- 3 Bath
- 1796 sft
160- 3 Bed
- 2 Bath
- 1244 sft
139- 3 Bed
- 2 Bath
- 1552 sft
129- 3 Bed
- 2 Bath
- 1296 sft
306- 1 Bed
- 1 Bath
- 224 sft
163- 1 Bed
- - Bath
- 1440 sft
126- 2 Bed
- 1 Bath
- 864 sft
174- 2 Bed
- 1 Bath
- - sft
10- 1 Bed
- 1 Bath
- 435 sft
170- 4 Bed
- 2 Bath
- 1615 sft
134- 3 Bed
- 2 Bath
- 1148 sft
159- 2 Bed
- 1 Bath
- 1056 sft
155- 3 Bed
- 2 Bath
- 1456 sft
139- 3 Bed
- 3 Bath
- 2988 sft
159- 1 Bed
- 1 Bath
- 715 sft
128- 3 Bed
- 2 Bath
- 1802 sft
168- 4 Bed
- 2 Bath
- 1120 sft
144- 3 Bed
- 1 Bath
- 2136 sft
Why Invest in Mountain Iron, Minnesota?
Investing in Mountain Iron, MN real estate under $200k presents unique opportunities for value-conscious investors. This market offers attractive average rental yields of around 7% along with cap rates near 6%. The stable renter-occupied rate of 65% supports steady rental income, while an appreciation rate about 2% yearly suggests gradual property value growth. Average cash flow for properties in this segment remains positive, appealing to investors seeking steady passive income.
Frequently Asked Questions
Most properties under $200k in Mountain Iron are single-family homes and some smaller multi-family units. These properties often appeal to first-time investors and renters seeking affordable housing.
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