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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Owatonna, MN
Listed for sale 1 day ago
$ 349,900
ROI
24.8
Cash Flow/m
493- 4 Bed
- 2 Bath
- 2352 sft
1314 Leif Ave NW, Owatonna, MN, 55060
Listed for sale 1 day ago
$ 329,900
ROI
20.9Cash Flow/m
100- 5 Bed
- 3 Bath
- 2332 sft
2520 Lamada Pl, Owatonna, MN, 55060
Listed for sale 2 days ago
$ 239,900
ROI
22.3Cash Flow/m
170- 3 Bed
- 2 Bath
- 1789 sft
603 E Academy St, Owatonna, MN, 55060
Listed for sale 2 days ago
$ 339,000
ROI
28.2Cash Flow/m
794- 3 Bed
- 3 Bath
- 2496 sft
1429 Rice Lake St, Owatonna, MN, 55060
Why Invest in Owatonna, Minnesota?
Investing in Owatonna, MN properties under $500k offers a solid entry point for real estate investors seeking affordable opportunities. The city boasts an average rental yield of 7% and a cap rate of 6.5%, supporting steady cash flow and potential appreciation. With an average ROI of 12% and renter-occupied rate around 48%, Owatonna's market is stable and growing. These metrics reflect a healthy balance of supply and demand within the mid-range housing sector.
12%
Avg. ROI
7%
Rental Yield
6.5%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Owatonna typically include single-family homes, smaller multi-family units, and condos, offering affordable options for both owner-occupiers and investors.
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