Is Elbow Lake, MN a good place to invest in rental property?

Elbow Lake, MN has a median modeled monthly cash flow of $-367 and a median cap rate of 4.1%, on a median sold price of $199,500. Prices changed +26.9% year over year.

What is the average cap rate in Elbow Lake, MN?

The median cap rate across recently sold homes in Elbow Lake, MN is 4.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elbow Lake, MN?

The median sold price in Elbow Lake, MN is $199,500 (about $137 per square foot).

Investing in Elbow Lake, MN Real Estate

A data-driven snapshot of the Elbow Lake, MN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$199,500Median sold price

$137Median $/sqft

4.1%Median cap rate

$-367Modeled cash flow / mo

+26.9%Appreciation YoY

4.3Months of supply

18Active listings

50Sold (last 12 mo)

What the Elbow Lake numbers say

In Elbow Lake, MN, the median home sold for $199,500 (about $137 per square foot), and the typical deal models out to a 4.1% cap rate with a median $-367 of monthly cash flow. Sold prices moved +26.9% over the past year. Inventory sits at about 4.3 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Minnesota markets to compare

See Elbow Lake cash-flowing listings

CashFlowRE ranks every for-sale home in Elbow Lake, MN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Elbow Lake deals, or browse the national market data.