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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
$ 250,000
ROI
24.9
Cash Flow/m
358- 2 Bed
- 2 Bath
- 1283 sft
198 Cedar Cove Ln, Owatonna, MN, 55060
Listed for sale 1 day ago
$ 389,900
ROI
24.9Cash Flow/m
552- 5 Bed
- 2 Bath
- 1393 sft
895 Lee St NE, Owatonna, MN, 55060
Listed for sale 2 days ago
$ 263,000
ROI
22.4Cash Flow/m
190- 3 Bed
- 2 Bath
- 1765 sft
1334 Lincoln Ave, Owatonna, MN, 55060
Listed for sale 3 days ago
$ 244,900
ROI
22.5Cash Flow/m
185- 3 Bed
- 2 Bath
- 1501 sft
404 Kim Ln, 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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