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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Detroit Lakes, MN
Listed for sale 1 day ago
$ 224,900
ROI
22.2
Cash Flow/m
155- 3 Bed
- 3 Bath
- 2496 sft
313 Elizabeth St, 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
Listed for sale 1 day ago
$ 265,000
ROI
27.6Cash Flow/m
578- 4 Bed
- 2 Bath
- 1608 sft
224 Elm St W, Detroit Lakes, MN, 56501
Listed for sale 2 days ago
$ 166,000
ROI
25.6Cash Flow/m
270- 2 Bed
- 2 Bath
- 1456 sft
1136 West Ave, Detroit Lakes, MN, 56501
Why Invest in Detroit Lakes, Minnesota?
Investing in Detroit Lakes, MN, with properties under $300K offers affordable entry into a promising market. This area boasts an average ROI of 7%, rental yields around 6%, and cap rates near 5%. The average cash flow is positive, supported by steady appreciation of about 3% annually. Renter occupancy remains consistent at approximately 65%, making it a favorable market for real estate investors seeking value and stability.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$8000/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $300K mainly consist of single-family homes and smaller multifamily units. These offer solid rental potential and are located in desirable neighborhoods.
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