Elk River, MN Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Elk River, MN. Based on 10+ datapoints.
Elk River, MN Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
4.3%
Avg Cash on Cash
-12.7%
Median Cashflow
-$690/mo
Avg Rent Estimate
$2,393/mo
Avg Price
$444,455
Price Range
$335,000 - $610,000
Rent to Price
0.54%
low ratio
Positive Cashflow
0%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Elk River, MN
Elk River, MN is primarily an appreciation-driven market for long-term rental investors. Cap rates average 4.3%, typical of mid-to-upper tier markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 10+ analyzed properties, the median monthly cashflow in Elk River, MN is -$690 with average rents of $2,393/month. Properties range from $335,000 to $610,000, offering entry points across multiple investment budgets.
21265 Concord St NW, Elk River, MN 55330
Price
$610,000
Rent
$2,283
CachFlow
-$2,164
CoC
-20.27
Elk River, MN Rental Market Insights
- •Median cashflow is -$690/month — careful deal selection is essential here
- •4.3% median cap rate is typical of appreciation-focused markets
- •At 0% positive cashflow rate, Elk River, MN requires selective property picks
- •Mid-to-upper tier market with properties from $335,000 to $610,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs