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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family Investment Properties for Sale in Elbow Lake, MN
$ 129,900
ROI
25.2
Cash Flow/m
196- 3 Bed
- 2 Bath
- 2072 sft
815 1st St SE, Elbow Lake, MN, 56531
$ 219,900
ROI
32.8Cash Flow/m
799- 4 Bed
- 3 Bath
- 2808 sft
115 7th Ave SE, Elbow Lake, MN, 56531
$ 159,900
ROI
31.0Cash Flow/m
500- 4 Bed
- 2 Bath
- 2112 sft
218 5th Ave SE, Elbow Lake, MN, 56531
$ 225,000
ROI
25.2Cash Flow/m
340- 4 Bed
- 2 Bath
- 2340 sft
416 E Division St, Elbow Lake, MN, 56531
Why Invest in Elbow Lake, Minnesota?
Investing in single-family homes in Elbow Lake, MN offers a promising opportunity with steady rental yields averaging 6.5%. The area has an average ROI of 7%, supported by moderate cap rates near 5.8% and growing tenant demand. Investors benefit from stable average rent prices around $950, with consistent cash flow and appreciation rates close to 3.2%. This balanced market suits those seeking long-term residential rental investments in a small city setting.
7%
Avg. ROI
6.5%
Rental Yield
5.8%
Cap Rate
$600/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for single-family homes in Elbow Lake is approximately 6.5%. This provides a steady income for investors seeking residential rental properties.
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