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
3.7%
Avg Cash on Cash
-14.1%
Median Cashflow
-$1,146/mo
Avg Rent Estimate
$2,478/mo
Avg Price
$475,510
Price Range
$300K – $700K
approximate
Rent to Price
0.52%
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 3.7%, typical of premium 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 -$1,146 with average rents of $2,478/month. Properties are priced about $300,000 to $700,000, offering entry points across multiple investment budgets.
14747 County Road 30, Elk River, MN 55330
Price
$661,200
Rent
$3,043
CachFlow
-$1,950
CoC
-16.85
13185 Island View Dr NW, Elk River, MN 55330
Price
$464,200
Rent
$2,909
CachFlow
-$1,027
CoC
-12.64
18214 Ironton St NW, Elk River, MN 55330
Price
$389,900
Rent
$1,658
CachFlow
-$1,375
CoC
-20.15
22146 Johnson St NW, Elk River, MN 55330
Price
$597,400
Rent
$2,761
CachFlow
-$2,026
CoC
-19.38
Elk River, MN Rental Market Insights
- Median cashflow is -$1,146/month — careful deal selection is essential here
- 3.7% median cap rate is typical of appreciation-focused markets
- At 0% positive cashflow rate, Elk River, MN requires selective property picks
- Premium market with properties priced about $300,000 to $700,000
- Consider this market if your strategy favors equity growth with rental income covering holding costs