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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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 under $500k offers a unique opportunity to tap into a growing market with stable rental demand. The area boasts an average ROI of 7.5%, rental yields around 6.8%, and a healthy cap rate near 5.2%. Average monthly cash flow for properties under $500k is attractive, with rents averaging $1,100. Appreciation rates are steady, reflecting solid residential growth fueled by a renter-occupied rate of approximately 48%. This makes Park Rapids a viable option for both new and seasoned investors.
7.5%
Avg. ROI
6.8%
Rental Yield
5.2%
Cap Rate
$400/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Most properties under $500k in Park Rapids include single-family homes and duplexes that offer solid rental income potential with moderate upkeep costs.
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