Investment Properties for Sale in Ely, MN
210- 2 Bed
- 1 Bath
- 1280 sft
342- 2 Bed
- 2 Bath
- 3274 sft
187- 3 Bed
- 2 Bath
- 1350 sft
293- 4 Bed
- 2 Bath
- 1450 sft
Why Invest in Ely, Minnesota?
Investing in Ely, MN real estate offers unique opportunities for those interested in nature-centric properties and seasonal rentals. This northern Minnesota city is noted for a steady average ROI of around 7%, with rental yields near 6% due to demand for vacation homes. Cap rates average around 5.5%, making it attractive for long-term cash flow. Property appreciation trends have been moderate but consistent, supported by a growing renter-occupied rate near 40%. The presence of natural attractions fuels steady tourism, positively impacting rental income.
Frequently Asked Questions
Yes, rental properties in Ely typically offer solid returns with average ROI around 7% and rental yields near 6%, driven by seasonal and year-round demand.
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