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 1475 Echo Trl, Ely, MN
Listed for sale 1 day ago
$ 299,000
ROI
26.2ROI percentage
Cash Flow/m
Dollar sign533
  • 1 Bed
  • 1 Bath
  • 1160 sft
1475 Echo Trl, Ely, MN, 55731
Property at 24 E Conan St, Ely, MN
$ 279,000
ROI
29.0ROI percentage
Cash Flow/m
Dollar sign717
  • 4 Bed
  • 2 Bath
  • 1400 sft
24 E Conan St, Ely, MN, 55731
Property at 37 E Boundary St, Ely, MN
$ 209,000
ROI
22.5ROI percentage
Cash Flow/m
Dollar sign161
  • 2 Bed
  • 2 Bath
  • 1058 sft
37 E Boundary St, Ely, MN, 55731
Property at 1480 Maijala Rd, Ely, MN
$ 279,900
ROI
28.1ROI percentage
Cash Flow/m
Dollar sign652
  • 3 Bed
  • 2 Bath
  • 1408 sft
1480 Maijala Rd, 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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