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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Pelican Rapids, MN
Listed for sale 1 day ago
$ 299,900
ROI
29.1
Cash Flow/m
780- 4 Bed
- 4 Bath
- 2869 sft
322 3rd Ave SE, Pelican Rapids, MN, 56572
$ 175,000
ROI
36.6Cash Flow/m
822- 3 Bed
- 2 Bath
- 1645 sft
317 Broadway S, PELICAN RAPIDS, MN, 56572
$ 180,000
ROI
25.9Cash Flow/m
306- 3 Bed
- 2 Bath
- 1752 sft
316 2nd St SE, Pelican Rapids, MN, 56572
$ 140,000
ROI
25.2Cash Flow/m
213- 2 Bed
- 1 Bath
- 1408 sft
313 3rd St SE, Pelican Rapids, MN, 56572
Why Invest in Pelican Rapids, Minnesota?
Investing in Pelican Rapids, MN with properties under $500k presents a promising opportunity for real estate investors looking for affordability combined with steady rental demand. The average rental yield is attractive, supported by a local cap rate indicating healthy returns. Investors benefit from positive appreciation trends and moderate cash flow levels in this mid-sized city. Additionally, the renter-occupied rate reflects a stable rental market ideal for long-term investments.
8.5%
Avg. ROI
7.2%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
The average ROI for properties under $500k in Pelican Rapids is approximately 8.5%, reflecting healthy investment potential in this price range.
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