Under $300K Investment Properties for Sale in Detroit Lakes, MN
$ 299,000
ROI
22.9
Cash Flow/m
261- 3 Bed
- 1 Bath
- 1170 sft
317 Maple Dr, Detroit Lakes, MN, 56501
$ 219,900
ROI
20.9Cash Flow/m
67- 4 Bed
- 2 Bath
- 1664 sft
416 Central St W, Detroit Lakes, MN, 56501
$ 164,900
ROI
23.8Cash Flow/m
185- 2 Bed
- 1 Bath
- 792 sft
1221 Madison Ave APT 215, Detroit Lakes, MN, 56501
$ 165,000
ROI
26.0Cash Flow/m
285- 2 Bed
- 2 Bath
- 728 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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