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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
Rental Income
$ 125,000
ROI
25.3
Cash Flow/m
193- 4 Bed
- 2 Bath
- 1500 sft
45 W Chapman St, Ely, MN, 55731
$ 149,200
ROI
33.3Cash Flow/m
561- 4 Bed
- 3 Bath
- 2640 sft
324 S 4th Ave E, Ely, MN, 55731
Airbnb Potential
$ 148,500
ROI
25.2Cash Flow/m
225- 2 Bed
- 1 Bath
- 1280 sft
277 N 5th Ave E, Ely, MN, 55731
$ 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 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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