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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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 Elbow Lake, MN properties under $500K presents a solid opportunity for steady rental income and moderate appreciation. The area offers an average ROI around 7%, with rental yields competitive for rural Minnesota markets. The cap rate hovers near 6%, indicating consistent cash flow potential. With a renter occupancy near 65%, investors can find reliable tenants in this community focused on affordable housing.
7%
Avg. ROI
6%
Rental Yield
6%
Cap Rate
$450/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
Properties under $500K in Elbow Lake primarily include single-family homes and small multi-family units, suitable for investors seeking affordable entry points in a stable rental market.
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