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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Ely, MN
Listed for sale 5 days ago
$ 117,000
ROI
24.6
Cash Flow/m
157- 3 Bed
- 1 Bath
- 918 sft
31 E Harvey St, Ely, MN, 55731
$ 114,000
ROI
24.5Cash Flow/m
149- 1 Bed
- - Bath
- 256 sft
13434 Hickory Ave, Ely, MN, 55731
$ 199,000
ROI
25.9Cash Flow/m
341- 4 Bed
- 2 Bath
- 1276 sft
712 E Camp St, Ely, MN, 55731
$ 135,000
ROI
25.8Cash Flow/m
227- 2 Bed
- 1 Bath
- 821 sft
121 E Pattison St, 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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