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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
Airbnb Potential
Listed for sale 1 day ago
$ 148,500
ROI
24.8
Cash Flow/m
210- 2 Bed
- 1 Bath
- 1280 sft
277 N 5th Ave E, Ely, MN, 55731
Currently Rented
Rental Income
Listed for sale 1 day ago
$ 369,000
ROI
23.1Cash Flow/m
342- 2 Bed
- 2 Bath
- 3274 sft
14108 Fall Lake Rd, Ely, MN, 55731
Listed for sale 3 days ago
$ 230,000
ROI
22.7Cash Flow/m
187- 3 Bed
- 2 Bath
- 1350 sft
638 E James St, Ely, MN, 55731
Listed for sale 3 days ago
$ 184,900
ROI
25.5Cash Flow/m
293- 4 Bed
- 2 Bath
- 1450 sft
954 E Camp 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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