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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Richmond, MN
$ 199,900
ROI
24.9
Cash Flow/m
286- 1 Bed
- 1 Bath
- 416 sft
20709 Edgewater Rd, Richmond, MN, 56368
$ 165,000
ROI
27.7Cash Flow/m
366- 1 Bed
- 1 Bath
- 693 sft
18096 Browns Lake Rd #60, Richmond, MN, 56368
$ 285,000
ROI
21.5Cash Flow/m
137- 2 Bed
- 1 Bath
- 864 sft
21165 Elkview Cir, Richmond, MN, 56368
$ 300,000
ROI
21.9Cash Flow/m
175- 2 Bed
- 1 Bath
- 832 sft
21019 Drumflower Rd, Richmond, MN, 56368
Why Invest in Richmond, Minnesota?
Investing in Richmond, MN properties under $300k offers a promising entry point into a stable market with strong rental demand. The area boasts an average ROI of 7%, rental yields near 6.5%, and cap rates around 5.5%, reflecting steady cash flow potential. With an average rent of $1,200 and appreciation rates at 3% annually, investors can expect consistent income and modest property value growth. Richmond's market is particularly attractive to those seeking affordable entry points and diverse tenant pools.
7%
Avg. ROI
6.5%
Rental Yield
5.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $300k in Richmond is approximately 6.5%, reflecting solid income potential for investors.
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