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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High ROI Investment Properties for Sale in Detroit Lakes, MN
Listed for sale 2 days ago
$ 255,000
ROI
21.9
Cash Flow/m
150- 5 Bed
- 3 Bath
- 3640 sft
508 West Ave, Detroit Lakes, MN, 56501
Listed for sale 3 days ago
$ 419,999
ROI
20.2Cash Flow/m
56- 4 Bed
- 3 Bath
- 2358 sft
1427 Lori Ave, Detroit Lakes, MN, 56501
Motivated Seller
Listed for sale 5 days ago
$ 495,000
ROI
20.6Cash Flow/m
119- 3 Bed
- 3 Bath
- 3850 sft
2074 Elmwood Dr, Detroit Lakes, MN, 56501
Listed for sale 6 days ago
$ 274,900
ROI
22.7Cash Flow/m
223- 3 Bed
- 2 Bath
- 1260 sft
25404 Broadway Ave, Detroit Lakes, MN, 56501
Why Invest in Detroit Lakes, Minnesota?
Detroit Lakes, MN offers high ROI investment opportunities, especially for high cash flow property buyers. The city features average rental yields around 7%, cap rates near 6%, and stable appreciation at approximately 2.5% annually. Investors benefit from a renter-occupied rate exceeding 55%, ensuring consistent demand. Additionally, the average rent remains affordable at about $900, supporting strong tenant occupancy and reliable cash flow streams.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average ROI in Detroit Lakes is around 8%, reflecting strong rental yields and favorable cap rates in the area.
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