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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 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 6 days ago
$ 274,900
ROI
22.7Cash Flow/m
223- 3 Bed
- 2 Bath
- 1260 sft
25404 Broadway Ave, Detroit Lakes, MN, 56501
$ 169,900
ROI
25.6Cash Flow/m
274- 3 Bed
- 1 Bath
- 1201 sft
117 Union St W, Detroit Lakes, MN, 56501
$ 214,900
ROI
22.1Cash Flow/m
143- 4 Bed
- 2 Bath
- 1800 sft
1324 Pelican Ln, 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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