Under $500K 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
$ 459,900
ROI
21.1Cash Flow/m
170- 4 Bed
- 3 Bath
- 2936 sft
17653 County Road 18, 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
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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