High Rental Yield Investment Properties for Sale in Park Rapids, MN
Listed for sale 1 day ago
$ 279,900
ROI
24.5
Cash Flow/m
367- 3 Bed
- 3 Bath
- 1107 sft
400 Eastern Ave S, Park Rapids, MN, 56470
$ 210,000
ROI
22.6Cash Flow/m
164- 3 Bed
- 3 Bath
- 1501 sft
806 Pine St APT 5, Park Rapids, MN, 56470
Fix & Flip
$ 225,000
ROI
22.5Cash Flow/m
170- 3 Bed
- 3 Bath
- 1802 sft
12048 County Road 32, Park Rapids, MN, 56470
$ 109,900
ROI
26.1Cash Flow/m
194- 3 Bed
- 2 Bath
- 1278 sft
404 Grove Ave N, Park Rapids, MN, 56470
Why Invest in Park Rapids, Minnesota?
Investing in Park Rapids, MN offers promising opportunities for high rental yield properties. This city benefits from an average ROI of 7.2% and a rental yield above 9%, making it attractive for investors focused on cash flow. The cap rate stands at a healthy 6.5%, while average monthly rents hover around $900. Appreciation rates remain steady near 3.8%, supported by a renter-occupied rate of 48%. These metrics highlight Park Rapids as an excellent market for income-focused real estate investments.
7.2%
Avg. ROI
9.1%
Rental Yield
6.5%
Cap Rate
$300/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.8%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties in Park Rapids, MN is approximately 9.1%, which is attractive for investors seeking strong cash flow.
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