Is Lester Prairie, MN a good place to invest in rental property?

Lester Prairie, MN has a median modeled monthly cash flow of $-1,195 and a median cap rate of 2.0%, on a median sold price of $300,000. Prices changed +1.3% year over year.

What is the average cap rate in Lester Prairie, MN?

The median cap rate across recently sold homes in Lester Prairie, MN is 2.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Lester Prairie, MN?

The median sold price in Lester Prairie, MN is $300,000 (about $154 per square foot).

Investing in Lester Prairie, MN Real Estate

A data-driven snapshot of the Lester Prairie, MN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$300,000Median sold price

$154Median $/sqft

2.0%Median cap rate

$-1,195Modeled cash flow / mo

+1.3%Appreciation YoY

4.4Months of supply

11Active listings

30Sold (last 12 mo)

What the Lester Prairie numbers say

In Lester Prairie, MN, the median home sold for $300,000 (about $154 per square foot), and the typical deal models out to a 2.0% cap rate with a median $-1,195 of monthly cash flow. Sold prices moved +1.3% over the past year. Inventory sits at about 4.4 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Minnesota markets to compare

See Lester Prairie cash-flowing listings

CashFlowRE ranks every for-sale home in Lester Prairie, MN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Lester Prairie deals, or browse the national market data.