Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Ely, MN
$ 104,900
ROI
25.7
Cash Flow/m
174- 1 Bed
- 1 Bath
- 693 sft
228 E White St, Ely, MN, 55731
$ 194,900
ROI
25.6Cash Flow/m
319- - Bed
- - Bath
- 465 sft
14048 Lauder Blvd, Ely, MN, 55731
$ 119,000
ROI
25.0Cash Flow/m
174- 2 Bed
- 2 Bath
- 900 sft
355 W Harvey St, Ely, MN, 55731
$ 119,000
ROI
25.9Cash Flow/m
203- 2 Bed
- 2 Bath
- 1440 sft
357 W Harvey 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.
Find Your Perfect Investment Property in Ely, Minnesota
Explore investment opportunities by strategy, performance, or property type
