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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Elbow Lake, MN
$ 159,900
ROI
31.0
Cash 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
$ 235,000
ROI
23.9Cash Flow/m
273- 4 Bed
- 2 Bath
- 2112 sft
21 10th Ave NE, Elbow Lake, MN, 56531
$ 134,900
ROI
24.4Cash Flow/m
174- 4 Bed
- 2 Bath
- 2356 sft
25862 124th Ave, Elbow Lake, MN, 56531
Why Invest in Elbow Lake, Minnesota?
Investing in Elbow Lake, MN under $300k offers a unique opportunity to enter a growing real estate market. The area enjoys a steady rental yield averaging 7%, with typical cap rates around 6%. Average cash flow is positive due to affordable property prices and healthy rental demand. Appreciation rates remain moderate at approximately 3% annually, supported by a renter-occupied rate near 48%. These metrics make Elbow Lake attractive for investors seeking balanced returns in a small town Minnesota setting.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$250/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $300k in Elbow Lake is approximately 7%, making it an attractive option for investors seeking steady income.
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