Under $200K Investment Properties for Sale in Park Rapids, MN
203- 3 Bed
- 2 Bath
- 1232 sft
448- 3 Bed
- 2 Bath
- 1162 sft
191- 1 Bed
- 1 Bath
- 930 sft
339- 2 Bed
- 1 Bath
- 1056 sft
Why Invest in Park Rapids, Minnesota?
Investing in Park Rapids, MN under $200k offers a unique opportunity to enter a growing real estate market with affordable pricing. Properties in this price range typically yield an average ROI of 7.5%, with rental yields around 9%. Cap rates hover near 6%, while average cash flow remains positive due to steady rental demand. The city's average rent is about $900, with appreciation rates near 2.2%, supported by a renter-occupied rate of 45%. This balance makes Park Rapids a compelling option for budget-conscious investors seeking strong cash flow and growth potential.
Frequently Asked Questions
The average rent for properties under $200k in Park Rapids is approximately $900 per month, which supports solid rental income for investors.
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