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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Fix And Flip Investment Properties for Sale in Detroit Lakes, MN
Fix & Flip
$ 229,000
ROI
19.9
Cash Flow/m
10- 2 Bed
- 2 Bath
- 2184 sft
22478 County Highway 20, Detroit Lakes, MN, 56501
Fix & Flip
$ 188,000
ROI
26.5Cash Flow/m
354- 2 Bed
- 2 Bath
- 1032 sft
1210 Long Ave APT 102, Detroit Lakes, MN, 56501
Fix & Flip
$ 390,000
ROI
30.2Cash Flow/m
1129- 3 Bed
- 3 Bath
- 2105 sft
1469 Michigan Ave, Detroit Lakes, MN, 56501
Fix & Flip
$ 195,000
ROI
30.8Cash Flow/m
598- 3 Bed
- 1 Bath
- 1732 sft
18221 County Highway 25, Detroit Lakes, MN, 56501
Why Invest in Detroit Lakes, Minnesota?
Investing in fix and flip properties in Detroit Lakes, MN offers promising returns driven by a steady rental yield and reasonable property appreciation. The local market features an average ROI of around 8%, making it appealing for investors targeting renovation projects. Detroit Lakes' renter occupancy rate stands at approximately 45%, supporting sustained rental demand. With cap rates near 6%, and average cash flows of $800 per month, there are ample opportunities for savvy investors in this lakeside community.
8%
Avg. ROI
6%
Rental Yield
6%
Cap Rate
$800/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average ROI for fix and flip properties in Detroit Lakes is approximately 8%, reflecting steady market conditions and renovation potential.
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