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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
$ 210,000
ROI
23.0
Cash Flow/m
192- 3 Bed
- 1 Bath
- 2340 sft
1033 Campbell 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
$ 149,900
ROI
28.8Cash Flow/m
379- 1 Bed
- 1 Bath
- 649 sft
1540 Us Highway 59, Detroit Lakes, MN, 56501
$ 260,000
ROI
23.0Cash Flow/m
235- 3 Bed
- 2 Bath
- 1728 sft
1346 Lori 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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