Under $300K Investment Properties for Sale in Park Rapids, MN
Listed for sale 2 days 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 properties under $300k offers an affordable entry into a stable market with steady rental demand. The area boasts an average ROI of 6.5% and a rental yield around 7%, reflecting solid cash flow potential. Cap rates remain competitive near 6%, while average rents provide consistent income. Appreciation trends and a renter-occupied rate above 50% make Park Rapids a promising location for investors focused on value and growth.
6.5%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$850/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $300k in Park Rapids mainly include single-family homes, small multifamily units, and some older condos. These options appeal to investors seeking affordable entry points and rental income potential.
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