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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
$ 184,900
ROI
23.1
Cash Flow/m
172- 1 Bed
- 1 Bath
- 385 sft
18096 Browns Lake Rd #1, Richmond, MN, 56368
$ 159,900
ROI
23.1Cash Flow/m
149- 1 Bed
- 1 Bath
- 399 sft
18096 Browns Lake Rd Lot 40, Richmond, MN, 56368
Fix & Flip
$ 250,000
ROI
24.5Cash Flow/m
329- 2 Bed
- 2 Bath
- 2240 sft
464 Main St E, Richmond, MN, 56368
$ 150,000
ROI
80.7Cash Flow/m
2545- 1 Bed
- 1 Bath
- 520 sft
18096 Browns Lake Rd #59, 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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