Short Term Rental Investment Properties for Sale in Elk River, MN
708- 5 Bed
- 4 Bath
- 3038 sft
812- 4 Bed
- 3 Bath
- 3129 sft
128- 4 Bed
- 1 Bath
- 1206 sft
- 2 Bed
- 1 Bath
- 905 sft
149- - Bed
- - Bath
- - sft
-- - Bed
- - Bath
- 3264 sft
- 1 Bed
- 1 Bath
- 680 sft
173- 2 Bed
- 2 Bath
- 832 sft
- 1 Bed
- 1 Bath
- 637 sft
178- 1 Bed
- 1 Bath
- 952 sft
139- 2 Bed
- 1 Bath
- 792 sft
- 2 Bed
- 2 Bath
- 1121 sft
154- 1 Bed
- 1 Bath
- 672 sft
142- 3 Bed
- 2 Bath
- 1239 sft
154- 2 Bed
- 2 Bath
- 1560 sft
161- 2 Bed
- 1 Bath
- 1524 sft
129- 3 Bed
- 1 Bath
- 3383 sft
146- 3 Bed
- 2 Bath
- 2017 sft
133- 3 Bed
- 1 Bath
- 1350 sft
154- 2 Bed
- 1 Bath
- 1024 sft
- 1 Bed
- 1 Bath
- 707 sft
174- 3 Bed
- 1 Bath
- 1535 sft
-- 2 Bed
- 1 Bath
- 672 sft
132- 2 Bed
- 1 Bath
- 964 sft
- 1 Bed
- 1 Bath
- 735 sft
174- 3 Bed
- 1 Bath
- 2502 sft
Why Invest in Elk River, Minnesota?
Investing in short-term rental properties in Elk River, MN offers a unique opportunity to capitalize on the growing demand for flexible lodging near Minneapolis. With an average ROI of 7.2% and a rental yield of 6.8%, investors can expect competitive returns. The cap rate stands at a healthy 5.5%, supported by an average cash flow of $850 and average rent of $1,300 per month. Appreciation rates of 3.2% and a renter-occupied rate of 64% add to the area's investment appeal. Leveraging the city's proximity to major employers and growing tourism, short-term rentals are a strategic asset class here.
Frequently Asked Questions
Short-term rentals in Elk River benefit from strong rental yields and consistent demand driven by tourism and proximity to Minneapolis. Investors can expect good cash flow and appreciation given the local economic growth.
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