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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Red Lake Falls, MN
$ 239,900
ROI
31.8
Cash Flow/m
806- 3 Bed
- 2 Bath
- 2488 sft
111 Bottineau Ave NW, Red Lake Falls, MN, 56750
$ 235,000
ROI
30.1Cash Flow/m
676- 4 Bed
- 2 Bath
- 2736 sft
602 Marshall Ave NE, Red Lake Falls, MN, 56750
$ 189,000
ROI
32.7Cash Flow/m
682- 3 Bed
- 2 Bath
- 1872 sft
502 Chicago Ave SW, Red Lake Falls, MN, 56750
$ 146,000
ROI
21.0Cash Flow/m
48- 2 Bed
- 1 Bath
- 1736 sft
402 Chicago Ave SW, Red Lake Falls, MN, 56750
Why Invest in Red Lake Falls, Minnesota?
Investing in Red Lake Falls, MN properties under $300k provides a great opportunity to enter a stable market with attractive returns. The area boasts an average ROI of 6.5%, a rental yield of 8%, and cap rates around 7%. Additionally, investors can expect average cash flow of $350/month and an average rent near $900, making it ideal for steady income. The property's appreciation rate sits at 2.5%, supported by a renter-occupied rate of 58%, reflecting consistent rental demand.
6.5%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $300k in Red Lake Falls is about 8%, offering investors a strong income potential.
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