Single Family Investment Properties for Sale in Lake Elmo, MN
Listed for sale 2 days ago
$ 700,000
ROI
23.9
Cash Flow/m
726- 4 Bed
- 3 Bath
- 2655 sft
8274 Hidden Bay Trl N, Lake Elmo, MN, 55042
Fix & Flip
Listed for sale 7 days ago
$ 350,000
ROI
21.8Cash Flow/m
194- 3 Bed
- 2 Bath
- 2370 sft
8370 59th St N, Lake Elmo, MN, 55042
$ 814,900
ROI
20.1Cash Flow/m
9- 6 Bed
- 5 Bath
- 4705 sft
Middleton II Plan, North Star, Lake Elmo, MN, 55042
$ 779,900
ROI
21.1Cash Flow/m
228- 4 Bed
- 3 Bath
- 2564 sft
Kenton Plan, North Star, Lake Elmo, MN, 55042
Why Invest in Lake Elmo, Minnesota?
Investing in single-family homes in Lake Elmo, MN offers a strategic opportunity for real estate investors seeking steady rental income and appreciation. The local market benefits from a rental yield averaging 7%, with cap rates around 5%, indicating robust returns. Average cash flow remains positive, supported by rising rents, which are currently around $1,600 per month. Additionally, Lake Elmo shows a healthy renter-occupied rate of 32%, making it attractive for rental property investments.
8%
Avg. ROI
7%
Rental Yield
5%
Cap Rate
$250/mo
Avg. Cash Flow
$1600/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average ROI for single-family homes in Lake Elmo is approximately 8%, reflecting stable rental yields and appreciation in the area.
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