High ROI 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 the high return-on-investment (ROI) properties in Ely, MN offers unique opportunities in a niche market. Ely's avg ROI stands at 7.5%, with a robust rental yield of 6%, reflecting strong rental demand. The cap rate averages 5.8%, complemented by an avg cash flow of $350 monthly. Average rents hover around $900, with appreciation rates near 2.5%, and renter-occupied units making up 60%. These metrics suggest Ely is a promising location for investors focused on sustainable income and moderate growth.
Frequently Asked Questions
Ely offers stable rental yields and a solid average ROI around 7.5%, supported by steady demand from residents and tourists. Its unique location near natural attractions yields consistent rental income opportunities.
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