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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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 $500k offers a unique opportunity for affordable real estate with stable appreciation potential. The area boasts attractive rental yields around 6%, a cap rate near 7%, and average cash flows favorable for steady income. Local demand is supported by a renter-occupied rate of approximately 45%, indicating healthy tenant interest. With a median rent around $800, investors can capitalize on affordable entry points in a growing community.
7.5%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$350/mo
Avg. Cash Flow
$800/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $500k in Red Lake Falls is approximately 6%, offering solid returns for investors.
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