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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Ely, MN
Listed for sale 1 day ago
$ 299,000
ROI
26.2
Cash Flow/m
533- 1 Bed
- 1 Bath
- 1160 sft
1475 Echo Trl, Ely, MN, 55731
$ 279,000
ROI
29.0Cash Flow/m
717- 4 Bed
- 2 Bath
- 1400 sft
24 E Conan St, Ely, MN, 55731
$ 209,000
ROI
22.5Cash Flow/m
161- 2 Bed
- 2 Bath
- 1058 sft
37 E Boundary St, Ely, MN, 55731
$ 279,900
ROI
28.1Cash Flow/m
652- 3 Bed
- 2 Bath
- 1408 sft
1480 Maijala Rd, Ely, MN, 55731
Why Invest in Ely, Minnesota?
Investing in Ely, MN properties under $500k offers a unique opportunity for affordable real estate in a scenic northern Minnesota city. This filter caters well to investors seeking stable rental yields, with Ely showing a solid average ROI around 7%. The area experiences steady appreciation and renter occupancy, driven by tourism and local industries. Capitalization rates remain attractive for investors focused on cash flow and long-term growth in this niche market.
7%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$300/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
Most properties under $500k in Ely include single-family homes and small multi-family units. These options are ideal for investors seeking affordable rental units in a steady market.
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