Single Family Investment Properties for Sale in Ely, MN
$ 329,000
ROI
23.5
Cash Flow/m
346- 3 Bed
- 2 Bath
- 2313 sft
1298 Heather St, Ely, MN, 55731
$ 159,000
ROI
25.0Cash Flow/m
234- 2 Bed
- 1 Bath
- 1222 sft
403 E Camp St, Ely, MN, 55731
$ 160,000
ROI
24.5Cash Flow/m
209- 4 Bed
- 3 Bath
- 1590 sft
731 E Camp St, Ely, MN, 55731
$ 239,000
ROI
21.5Cash Flow/m
113- 2 Bed
- 1 Bath
- 992 sft
408 S 7th Ave E, 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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