Single Family Investment Properties in Ely, MN | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Single Family Investment Properties for Sale in Ely, MN

Property at 31 E Harvey St, Ely, MN
Listed for sale 5 days ago
$ 117,000
ROI
24.6ROI percentage
Cash Flow/m
Dollar sign157
  • 3 Bed
  • 1 Bath
  • 918 sft
31 E Harvey St, Ely, MN, 55731
Property at 3297 Aspen Ln, Ely, MN
$ 224,000
ROI
23.0ROI percentage
Cash Flow/m
Dollar sign204
  • 3 Bed
  • 1 Bath
  • 560 sft
3297 Aspen Ln, Ely, MN, 55731
Property at 116 Fall Lake Dr, Ely, MN
$ 279,900
ROI
28.1ROI percentage
Cash Flow/m
Dollar sign652
  • 1 Bed
  • 2 Bath
  • 800 sft
116 Fall Lake Dr, Ely, MN, 55731
Property at 101 W Railroad St, Ely, MN
$ 299,000
ROI
27.1ROI percentage
Cash Flow/m
Dollar sign611
  • 3 Bed
  • 2 Bath
  • 1680 sft
101 W Railroad St, Ely, MN, 55731

Why Invest in Ely, Minnesota?

Investing in single-family homes in Ely, MN offers promising opportunities due to the region's stable average rental yields and consistent property appreciation. With an average ROI reflecting steady growth, the market benefits from a moderate cap rate and reliable cash flow. As demand for quality single-family homes rises in this scenic northern Minnesota city, investors can leverage data supported by government economic reports. The area's renter occupancy remains strong, highlighting Ely as a solid real estate investment location.

7.5%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$450/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

The average rental yield for single-family homes in Ely, MN is approximately 6.0%, which is attractive for income-focused investors.

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