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 15+ datapoints.
Andover, MN Long-Term Rental Investment Snapshot
Based on 15+ long-term rental datapoints
Median Cap Rate
4.3%
Avg Cash on Cash
-9.8%
Median Cashflow
-$729/mo
Avg Rent Estimate
$2,556/mo
Avg Price
$431,980
Price Range
$336,400 - $592,400
Rent to Price
0.59%
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 4.3%, 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 15+ analyzed properties, the median monthly cashflow in Andover, MN is -$729 with average rents of $2,556/month. Properties range from $336,400 to $592,400, offering entry points across multiple investment budgets.
15493 Yellow Pine St NW, Andover, MN 55304
Price
$430,000
Rent
$2,204
CachFlow
-$985
CoC
-13.09
Andover, MN Rental Market Insights
- •Median cashflow is -$729/month — careful deal selection is essential here
- •4.3% 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 $592,400
- •Consider this market if your strategy favors equity growth with rental income covering holding costs