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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Elgin, MN
Listed for sale 1 day ago
$ 239,000
ROI
21.0
Cash Flow/m
79- 2 Bed
- 2 Bath
- 1372 sft
112 6th Ave NE, Elgin, MN, 55932
$ 329,900
ROI
21.3Cash Flow/m
138- 4 Bed
- 2 Bath
- 1946 sft
5 6th Ave SE, Elgin, MN, 55932
$ 202,600
ROI
43.0Cash Flow/m
1309- 4 Bed
- 3 Bath
- 2750 sft
30 1st Ave SW, Elgin, MN, 55932
$ 350,000
ROI
21.6Cash Flow/m
180- 4 Bed
- 2 Bath
- 2120 sft
415 3rd St NW, Elgin, MN, 55932
Why Invest in Elgin, Minnesota?
Investing in high rental yield properties in Elgin, MN, offers a compelling opportunity for steady cash flow and above-average cap rates. This city benefits from a growing renter-occupied population and consistent appreciation rates. Investors can expect average rental yields around 8%, supported by an improving local economy and a moderate average rent. The market shows strong potential for appreciation and a resilient rental market driven by its proximity to larger metropolitan areas.
7.2%
Avg. ROI
8.1%
Rental Yield
6.8%
Cap Rate
$350/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Elgin is approximately 8.1%, making it a promising area for rental property investors.
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