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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Prior Lake, MN
$ 220,000
ROI
23.9
Cash Flow/m
252- 1 Bed
- 1 Bath
- 850 sft
16154 Main Ave SE UNIT 212, Prior Lake, MN, 55372
$ 210,000
ROI
32.5Cash Flow/m
742- 2 Bed
- 1 Bath
- 1065 sft
16510 Tranquility Ct SE APT 101, Prior Lake, MN, 55372
$ 218,000
ROI
25.2Cash Flow/m
329- 2 Bed
- 2 Bath
- 1065 sft
16520 Tranquility Ct SE APT 202, Prior Lake, MN, 55372
$ 120,000
ROI
31.3Cash Flow/m
386- 1 Bed
- 1 Bath
- 728 sft
4680 Tower St SE APT 308, Prior Lake, MN, 55372
Why Invest in Prior Lake, Minnesota?
Investing in condos in Prior Lake, MN offers a unique opportunity to tap into the growing suburban market near Minneapolis-Saint Paul. With stable rental yields averaging around 7%, condo investments here provide balanced cap rates and steady cash flow. Appreciation rates have been moderate, reflecting the area's steady economic expansion and quality of life. Prior Lake's renter-occupied housing proportion supports a healthy demand for rental units, ideal for condo investors looking for consistent returns.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$1400/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Prior Lake is approximately 7%, reflecting a healthy rental market with steady demand.
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