Under $500K Investment Properties for Sale in Detroit Lakes, MN
Listed for sale 4 days ago
$ 475,000
ROI
29.1
Cash Flow/m
1234- 3 Bed
- 2 Bath
- 1114 sft
23633 Bergquist Ln, Detroit Lakes, MN, 56501
$ 350,000
ROI
22.2Cash Flow/m
241- 3 Bed
- 2 Bath
- 1392 sft
28169 Meadow Dr, Detroit Lakes, MN, 56501
$ 299,000
ROI
22.9Cash Flow/m
261- 3 Bed
- 1 Bath
- 1170 sft
317 Maple Dr, Detroit Lakes, MN, 56501
$ 349,900
ROI
25.3Cash Flow/m
540- 5 Bed
- 3 Bath
- 2392 sft
403 Richwood Rd, Detroit Lakes, MN, 56501
Why Invest in Detroit Lakes, Minnesota?
Investing in Detroit Lakes, MN, with properties under $500k offers a solid entry point into a stable lakefront community. This market features an average ROI of 7%, rental yields near 6%, and a cap rate around 5%. Cash flow averages $350 monthly, with average rents at $1,200. Appreciation rates are moderate at 3%, while renter occupancy remains healthy at 48%. This balance of affordability and steady growth makes Detroit Lakes attractive for diversified portfolios.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $500k in Detroit Lakes is approximately 6%, making it a promising option for rental investors.
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