Is Rice Lake, MN a good place to invest in rental property?

Rice Lake, MN has a median modeled monthly cash flow of $-886 and a median cap rate of 3.8%, on a median sold price of $310,000. Prices changed +0.2% year over year.

What is the average cap rate in Rice Lake, MN?

The median cap rate across recently sold homes in Rice Lake, MN is 3.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Rice Lake, MN?

The median sold price in Rice Lake, MN is $310,000 (about $218 per square foot).

Investing in Rice Lake, MN Real Estate

A data-driven snapshot of the Rice Lake, 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.

$310,000Median sold price

$218Median $/sqft

3.8%Median cap rate

$-886Modeled cash flow / mo

+0.2%Appreciation YoY

6.1Months of supply

21Active listings

41Sold (last 12 mo)

What the Rice Lake numbers say

In Rice Lake, MN, the median home sold for $310,000 (about $218 per square foot), and the typical deal models out to a 3.8% cap rate with a median $-886 of monthly cash flow. Sold prices moved +0.2% over the past year. Inventory sits at about 6.1 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 Rice Lake cash-flowing listings

CashFlowRE ranks every for-sale home in Rice Lake, 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 Rice Lake deals, or browse the national market data.