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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
$ 134,900
ROI
24.4
Cash Flow/m
174- 4 Bed
- 2 Bath
- 2356 sft
25862 124th Ave, Elbow Lake, MN, 56531
$ 199,900
ROI
25.1Cash Flow/m
295- 5 Bed
- 2 Bath
- 2112 sft
211 1st St SE, Elbow Lake, MN, 56531
$ 220,000
ROI
30.0Cash Flow/m
625- 4 Bed
- 2 Bath
- 1456 sft
25839 122nd Ave, Elbow Lake, MN, 56531
$ 149,000
ROI
32.7Cash Flow/m
536- 3 Bed
- 1 Bath
- 2311 sft
210 7th Ave SE, 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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