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

Eveleth, MN has a median modeled monthly cash flow of $86 and a median cap rate of 7.0%, on a median sold price of $136,000. Prices changed +0.5% year over year.

What is the average cap rate in Eveleth, MN?

The median cap rate across recently sold homes in Eveleth, MN is 7.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Eveleth, MN?

The median sold price in Eveleth, MN is $136,000 (about $104 per square foot).

Investing in Eveleth, MN Real Estate

A data-driven snapshot of the Eveleth, 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.

$136,000Median sold price

$104Median $/sqft

7.0%Median cap rate

$86Modeled cash flow / mo

+0.5%Appreciation YoY

6.0Months of supply

31Active listings

62Sold (last 12 mo)

What the Eveleth numbers say

In Eveleth, MN, the median home sold for $136,000 (about $104 per square foot), and the typical deal models out to a 7.0% cap rate with a median $86 of monthly cash flow. Sold prices moved +0.5% over the past year. Inventory sits at about 6.0 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 Eveleth cash-flowing listings

CashFlowRE ranks every for-sale home in Eveleth, 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 Eveleth deals, or browse the national market data.