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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
$ 125,000
ROI
25.1
Cash Flow/m
187- 3 Bed
- 2 Bath
- 1344 sft
32989 Oak St Lot 12, Detroit Lakes, MN, 56501
$ 195,000
ROI
25.8Cash Flow/m
326- 3 Bed
- 1 Bath
- 1824 sft
421 Bowling Ave, Detroit Lakes, MN, 56501
$ 169,900
ROI
27.8Cash Flow/m
379- 1 Bed
- 1 Bath
- 407 sft
807 Brown St, Detroit Lakes, MN, 56501
$ 121,900
ROI
21.7Cash Flow/m
67- 2 Bed
- 1 Bath
- 723 sft
1540 S Us Highway 59 S #702, 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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