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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Detroit Lakes, MN
Listed for sale 2 days ago
$ 166,000
ROI
25.6
Cash Flow/m
270- 2 Bed
- 2 Bath
- 1456 sft
1136 West Ave, Detroit Lakes, MN, 56501
$ 153,000
ROI
40.5Cash Flow/m
883- 3 Bed
- 1 Bath
- 1728 sft
1036 Willow St W, Detroit lakes, MN, 56501
$ 190,000
ROI
24.5Cash Flow/m
254- 8 Bed
- 1 Bath
- 375 sft
810 W Lake Dr #75, Detroit Lakes, MN, 56501
$ 180,000
ROI
25.2Cash Flow/m
271- 3 Bed
- 1 Bath
- 1056 sft
1035 West Ave, Detroit Lakes, MN, 56501
Why Invest in Detroit Lakes, Minnesota?
Investing in Detroit Lakes, MN offers promising opportunities, especially properties under $200k. The local market features a strong rental yield of 8%, an average ROI of 7%, and cap rates around 6%. Average rents remain affordable at $900, supporting solid cash flow. With a stable renter-occupied rate near 58% and steady appreciation trends at 2.5%, Detroit Lakes is ideal for investors seeking balanced risk and return in a growing community.
7%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Properties under $200k in Detroit Lakes typically include single-family homes and smaller multi-family units, which are appealing for investors looking for steady rental income.
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