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Greater Minnesota › Ely

Ely

Greater Minnesota city. Every 2–4 unit listing here, run through the same numbers at 20% down and 7%.

Compare with other cities →

Neighborhood profile

Listings we track
4
Median price per unit
$85K
Typical cash flow
$603
median per month, 20% down
Rent rules
No cap
Rents can reset to market at renewal

Crime, rental-license and Census neighborhood figures are only available for St. Paul and Minneapolis so far.

Map

Top picks

Ranked on real rent estimates (nearby comparable rentals or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.

+$1,302/mo cash flow
Cash flows · cap 19.1% · 20% down
$122,500
3 units4 bd3 ba2,640 sqft
324 S 4th Ave E, Ely
Rents: county-wide median
+$988/mo cash flow
Cash flows · cap 11.9% · 20% down
$215,000
3 units7 bd2.5 ba2,600 sqft
429 S 4th Ave E, Ely
Rents: county-wide median
+$218/mo cash flow
Cash flows · cap 7.7% · 20% down
$198,500
2 units2 bd1.5 ba1,636 sqft
218 N 1st Ave E, Ely
Rents: county-wide median
New listing
−$652/mo cash flow
Overpriced · cap 4.4% · 20% down
$390,000
2 units4 bd2 ba1,400 sqft
Fernberg Rd, Ely
Rents: region-wide median

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 324 S 4th Ave E $1,302/mo
  2. 429 S 4th Ave E $988/mo
  3. 218 N 1st Ave E $218/mo
  4. Fernberg Rd −$652/mo

Best long-term

Year-30 wealth vs. the same money in stocks.

  1. 324 S 4th Ave E 11.67× stocks
  2. 429 S 4th Ave E 6.44× stocks
  3. 218 N 1st Ave E 3.41× stocks
  4. Fernberg Rd 1.03× stocks

Value-add

Under-rented, needs work, or room to negotiate.

  1. 324 S 4th Ave E Long time on market: room to negotiate.

Proceed with caution

Decent numbers, serious flags.

Nothing here right now.

All listings

4 listings. Filter by price or units, or switch the down payment.

  1. 324 S 4th Ave E

    $122,500 · 3 units
    Cash flows
    Cash flow $1,302/mo Cap 19.1% Break-even price $367K Yr 30 vs stocks 11.67× Positive in yr 1

  2. 429 S 4th Ave E

    $215,000 · 3 units
    Cash flows
    Cash flow $988/mo Cap 11.9% Break-even price $401K Yr 30 vs stocks 6.44× Positive in yr 1

  3. 218 N 1st Ave E

    $198,500 · 2 units
    Cash flows
    Cash flow $218/mo Cap 7.7% Break-even price $240K Yr 30 vs stocks 3.41× Positive in yr 1

  4. Fernberg Rd

    $390,000 · 2 units
    Overpriced
    Cash flow −$652/mo Cap 4.4% Break-even price $268K Yr 30 vs stocks 1.03× Positive in yr 15

Monthly cash flow

−$1,000−$500$0$500$1,000$1,500break-even324 S 4th Ave E$1,302429 S 4th Ave E$988218 N 1st Ave E$218Fernberg Rd−$652

What's changing

Nothing curated for this city yet.