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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
$ 129,900
ROI
24.4
Cash Flow/m
169- 4 Bed
- 1 Bath
- 2078 sft
237 2nd St SW, Richmond, MN, 56368
$ 178,900
ROI
20.5Cash Flow/m
36- 1 Bed
- 1 Bath
- 520 sft
18096 Browns Lake Rd #59, Richmond, MN, 56368
Fix & Flip
$ 199,000
ROI
31.4Cash Flow/m
643- 3 Bed
- 1 Bath
- 1638 sft
42 1st St SE, Richmond, MN, 56368
$ 225,000
ROI
21.8Cash Flow/m
127- 3 Bed
- 2 Bath
- 2600 sft
34 Ivy Ave NE, 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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