Under $200K Investment Properties for Sale in Ely, MN
$ 159,000
ROI
25.0
Cash Flow/m
234- 2 Bed
- 1 Bath
- 1222 sft
403 E Camp St, Ely, MN, 55731
$ 198,500
ROI
36.0Cash Flow/m
899- 2 Bed
- 2 Bath
- 1636 sft
218 N 1st Ave, Ely, MN, 55731
$ 160,000
ROI
24.5Cash Flow/m
209- 4 Bed
- 3 Bath
- 1590 sft
731 E Camp St, Ely, MN, 55731
$ 175,000
ROI
25.1Cash Flow/m
262- 1 Bed
- - Bath
- 290 sft
4704 Hwy 169, Ely, MN, 55731
Why Invest in Ely, Minnesota?
Investing in Ely, MN properties under $200k offers affordable entry into a stable market with consistent rental demand. Ely benefits from a solid average rental yield around 7%, with an average ROI of 6.5%, making it attractive for long-term cash flow. The cap rate averages at 8%, supporting steady appreciation near 3% annually. About 55% of homes are renter-occupied, indicating a solid tenant base in this scenic Northern Minnesota city.
6.5%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$350/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Ely offers affordable investment options with solid rental yields and steady appreciation. Its stable economy driven by tourism and healthcare supports consistent rental demand.
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