Andover, MN Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Andover, MN. Based on 10+ datapoints.
Andover, MN Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
4.4%
Avg Cash on Cash
-9.3%
Median Cashflow
-$646/mo
Avg Rent Estimate
$2,351/mo
Avg Price
$408,842
Price Range
$336,400 - $505,100
Rent to Price
0.58%
low ratio
Positive Cashflow
0%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Andover, MN
Andover, MN is primarily an appreciation-driven market for long-term rental investors. Cap rates average 4.4%, typical of mid-to-upper tier markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 10+ analyzed properties, the median monthly cashflow in Andover, MN is -$646 with average rents of $2,351/month. Properties range from $336,400 to $505,100, offering entry points across multiple investment budgets.
Andover, MN Rental Market Insights
- •Median cashflow is -$646/month — careful deal selection is essential here
- •4.4% median cap rate is typical of appreciation-focused markets
- •At 0% positive cashflow rate, Andover, MN requires selective property picks
- •Mid-to-upper tier market with properties from $336,400 to $505,100
- •Consider this market if your strategy favors equity growth with rental income covering holding costs