Andover Investment Analysis

Investment Property in Andover, MN

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Andover, MN Real Estate Investment Performance

PROPERTY SALE PRICE

$434,740

Median

2,659

Avg/Sq.ft.
CASH ON CASH RETURN

3.00%

Traditional

1.00%

Airbnb
NUMBER OF PROPERTIES

239

Investment

44

Airbnb

2

Traditional

28%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

77

Number of homes sold

17

Median days on market

100%

Average sale-to-list price ratio

24%

Percentage of listings with price drops

239

Active listings count

187

New listings count

4.2

Months of supply

Andover, MN Properties Rental Prices

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Investment Properties for Sale in Andover, MN

Investment Properties for Sale
$225,000
MLS 7114039
Andover
Single Family Residential
3 beds 1 baths 960 sq.ft.
CAP RATE Trad. 3.61% Airbnb 6.79%
Investment Properties for Sale
$399,000
MLS 7078246
Andover
Other
5 beds 2 baths 2,393 sq.ft.
CAP RATE Trad. 4.91% Airbnb 5.10%
Investment Properties for Sale
$295,000
MLS 7097149
Andover
Other
3 beds 2 baths 1,660 sq.ft.
CAP RATE Trad. 5.73% Airbnb 4.83%
Investment Properties for Sale
$289,900
MLS 7119197
Andover
Single Family Residential
3 beds 2 baths 1,435 sq.ft.
CAP RATE Trad. 4.16% Airbnb 4.79%
Investment Properties for Sale
$185,000
MLS 7123820
Andover
Single Family Residential
2 beds 1 baths 1,136 sq.ft.
CAP RATE Trad. 4.11% Airbnb 4.82%
Investment Properties for Sale
$415,000
MLS 7086358
Andover
Other
5 beds 2 baths 2,348 sq.ft.
CAP RATE Trad. 4.70% Airbnb 4.66%
Investment Properties for Sale
$299,000
MLS 7110221
Andover
Single Family Residential
3 beds 2 baths 1,860 sq.ft.
CAP RATE Trad. 6.24% Airbnb 4.66%
Investment Properties for Sale
$439,900
MLS 7089342
Andover
Other
5 beds 3 baths 2,910 sq.ft.
CAP RATE Trad. 6.52% Airbnb 4.60%

Single Family Houses for Sale in Andover, MN

Investment Properties for Sale
$225,000
MLS 7114039
Andover
Single Family Residential
3 beds 1 baths 960 sq.ft.
CAP RATE Trad. 3.61% Airbnb 6.79%
Investment Properties for Sale
$289,900
MLS 7119197
Andover
Single Family Residential
3 beds 2 baths 1,435 sq.ft.
CAP RATE Trad. 4.16% Airbnb 4.79%
Investment Properties for Sale
$185,000
MLS 7123820
Andover
Single Family Residential
2 beds 1 baths 1,136 sq.ft.
CAP RATE Trad. 4.11% Airbnb 4.82%
Investment Properties for Sale
$299,000
MLS 7110221
Andover
Single Family Residential
3 beds 2 baths 1,860 sq.ft.
CAP RATE Trad. 6.24% Airbnb 4.66%
Investment Properties for Sale
$418,000
MLS 7135310
Andover
Single Family Residential
5 beds 2 baths 2,474 sq.ft.
CAP RATE Trad. 3.82% Airbnb 4.55%
Investment Properties for Sale
$465,000
MLS 7125447
Andover
Single Family Residential
5 beds 3 baths 2,624 sq.ft.
CAP RATE Trad. 4.42% Airbnb 4.17%
Investment Properties for Sale
$350,000
MLS 7133229
Andover
Single Family Residential
3 beds 2 baths 1,652 sq.ft.
CAP RATE Trad. 4.77% Airbnb 4.11%
Investment Properties for Sale
$449,900
MLS 7119981
Andover
Single Family Residential
5 beds 3 baths 2,701 sq.ft.
CAP RATE Trad. 4.29% Airbnb 4.07%

Condos for Sale in Andover, MN

Investment Properties for Sale
$263,900
MLS 7085605
Andover
Condo/Coop
2 beds 2 baths 1,200 sq.ft.
CAP RATE Trad. 3.77% Airbnb 2.25%
Investment Properties for Sale
$260,000
MLS 7077942
Andover
Condo/Coop
2 beds 2 baths 1,177 sq.ft.
CAP RATE Trad. 4.50% Airbnb 2.18%
Investment Properties for Sale
$264,900
MLS 7133423
Andover
Condo/Coop
2 beds 2 baths 1,100 sq.ft.
CAP RATE Trad. 2.39% Airbnb 1.80%
Investment Properties for Sale
$275,000
MLS 7128186
Andover
Condo/Coop
2 beds 2 baths 1,205 sq.ft.
CAP RATE Trad. 2.43% Airbnb 1.65%

Townhouses for Sale in Andover, MN

Investment Properties for Sale
$355,000
MLS 7126803
Andover
Townhouse
3 beds 3 baths 2,456 sq.ft.
CAP RATE Trad. 5.40% Airbnb 3.28%
Investment Properties for Sale
$340,000
MLS 7111659
Andover
Townhouse
3 beds 2 baths 1,872 sq.ft.
CAP RATE Trad. 3.35% Airbnb 2.57%
Investment Properties for Sale
$335,900
MLS 7052563
Andover
Townhouse
3 beds 2 baths 2,502 sq.ft.
CAP RATE Trad. 3.36% Airbnb 2.56%
Investment Properties for Sale
$329,000
MLS 7146782
Andover
Townhouse
3 beds 2 baths 2,454 sq.ft.
CAP RATE Trad. 3.11% Airbnb 2.19%
Investment Properties for Sale
$460,000
MLS 7151424
Andover
Townhouse
3 beds 3 baths 2,682 sq.ft.
CAP RATE Trad. 4.05% Airbnb 2.17%
Investment Properties for Sale
$274,900
MLS 7134444
Andover
Townhouse
2 beds 1 baths 1,573 sq.ft.
CAP RATE Trad. 3.39% Airbnb 1.93%
Investment Properties for Sale
$265,000
MLS 7138164
Andover
Townhouse
2 beds 1 baths 1,488 sq.ft.
CAP RATE Trad. 1.77% Airbnb 1.61%
Investment Properties for Sale
$525,000
MLS 7114159
Andover
Townhouse
3 beds 2 baths 1,776 sq.ft.
CAP RATE Trad. 2.10% Airbnb 1.33%

Top Andover, MN Neighborhoods - Real Estate Market Analysis

Andover
PROPERTY PRICE

$492,400

Median for city
CAP RATE

2.76%

Traditional

7.72%

Airbnb
RENTAL INCOME

$ 1,879

Traditional

$ 3,879

Airbnb
 

58%

Airbnb occupancy rate

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Airbnb Vacation Rentals in Andover, MN

Jenkins Retreat-5BR/hot tub/theater, near TPC&NSC
$374 per night Airbnb occupancy rate 40%
House 5 · 3 · 12
Rental Income: $4,582 per month
4.94
229
Nature lovers- quiet setting!
$120 per night Airbnb occupancy rate 38%
Apartment 1 · 1 · 2
Rental Income: $1,380 per month
4.92
180
Entire House, Quiet Neighborhood
$192 per night Airbnb occupancy rate 47%
House 4 · 3 · 10
Rental Income: $2,720 per month
4.92
151
5000sf house-13 acres of privacy-Abundant wildlife
$667 per night Airbnb occupancy rate 25%
House 5 · 3.5 · 15
Rental Income: $5,003 per month
4.99
148
Great Patio, Hot Tub, 4 Bedroom
$240 per night Airbnb occupancy rate 30%
House 4 · 2 · 8
Rental Income: $2,220 per month
4.86
148
HOT TUB, Waterfront, sleeps 9+, game room & more!
$236 per night Airbnb occupancy rate 27%
Guest suite 3 · 1 · 10
Rental Income: $1,927 per month
4.87
142
The Sanctuary Retreat-Sleeps 5, Laundry, Theater
$189 per night Airbnb occupancy rate 38%
Apartment 1 · 1 · 5
Rental Income: $2,189 per month
4.97
116
Rosy’s Luxury Stay-Elegant Townhome • 2-Car Garage
$229 per night Airbnb occupancy rate 52%
Entire townhouse 2 · 2.5 · 4
Rental Income: $3,645 per month
4.91
93

Real Estate Investment Analysis - Other Cities in minnesota

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
Minneapolis $345,000 2% 1% $1,986 $1,635 825 30%
Saint Cloud $344,900 5% 2% $2,190 $1,402 494 24%
Saint Paul $289,900 3% 1% $1,968 $1,743 445 30%
Mankato $264,900 4% 1% $1,978 $1,346 327 28%
View all minnesota cities
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