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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Park Rapids, MN
Listed for sale 7 days ago
$ 229,000
ROI
19.9
Cash Flow/m
9- 3 Bed
- 2 Bath
- 1232 sft
506 Central Ave S, Park Rapids, MN, 56470
$ 215,000
ROI
22.5Cash Flow/m
166- 2 Bed
- 2 Bath
- 1232 sft
302 Central Ave S, Park Rapids, MN, 56470
$ 239,900
ROI
30.6Cash Flow/m
722- 4 Bed
- 2 Bath
- 2736 sft
407 Lake Ave, Park Rapids, MN, 56470
$ 234,900
ROI
20.3Cash Flow/m
34- 2 Bed
- 2 Bath
- 2208 sft
615 3rd St W, Park Rapids, MN, 56470
Why Invest in Park Rapids, Minnesota?
Investing in Park Rapids, MN offers a unique opportunity in the northern Minnesota market with steady appreciation and solid rental yields. Whether focusing on single-family homes or multi-family units, investors benefit from average ROI around 7% and cap rates close to 6%. The area has a healthy renter-occupied rate of about 40%, supported by local employment growth and seasonal tourism. Cash flow averages around $800 monthly and the market shows consistent rental demand.
7%
Avg. ROI
6%
Rental Yield
5.8%
Cap Rate
$800/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Park Rapids is approximately 6%, making it an attractive market for rental property investors.
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