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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 1 day ago
$ 179,900
ROI
23.8
Cash Flow/m
203- 3 Bed
- 2 Bath
- 1232 sft
12232 Broadway Rd, Park Rapids, MN, 56470
Listed for sale 1 day ago
$ 219,900
ROI
22.3Cash Flow/m
158- 2 Bed
- 2 Bath
- 2096 sft
612 Front Ave, Park Rapids, MN, 56470
Listed for sale 1 day ago
$ 224,900
ROI
23.0Cash Flow/m
204- 5 Bed
- 2 Bath
- 2400 sft
314 Lake Ave, Park Rapids, MN, 56470
Listed for sale 6 days ago
$ 378,574
ROI
21.4Cash Flow/m
175- 2 Bed
- 2 Bath
- 1659 sft
29278 Us Highway 71, 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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