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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Northome, MN

$ 360,000
ROI
21.2
Cash Flow/m
148- 2 Bed
- 2 Bath
- 1678 sft
58610 County Road 29, Northome, MN, 56661

$ 289,000
ROI
28.3
Cash Flow/m
684- 3 Bed
- 3 Bath
- 2828 sft
11290 Highway 1, Northome, MN, 56661

$ 312,000
ROI
24.3
Cash Flow/m
393- 4 Bed
- 2 Bath
- 1970 sft
56993 County Road 29, Northome, MN, 56661

$ 220,000
ROI
30.6
Cash Flow/m
661- 3 Bed
- 2 Bath
- 1104 sft
65405 County Road 174, Northome, MN, 56661
Why Invest in Northome, Minnesota?
Investing in Northome, MN properties under $500k offers a unique opportunity to tap into this small town's stable rental market. With an average ROI of 7.2%, investors benefit from moderate cap rates near 6.5% and consistent rental yields around 8%. The area shows steady appreciation of 2.5% annually, with rental properties typically generating an average monthly cash flow of $450. Northome's renter occupancy rate stands strong at 65%, indicating solid tenant demand for affordable housing investments.
7.2%
Avg. ROI
8%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$750/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for these properties is approximately 8%, reflecting strong rental income relative to property values in Northome.
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