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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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 3 days ago
$ 419,999
ROI
20.2Cash Flow/m
56- 4 Bed
- 3 Bath
- 2358 sft
1427 Lori Ave, Detroit Lakes, MN, 56501
Motivated Seller
Listed for sale 5 days ago
$ 495,000
ROI
20.6Cash Flow/m
119- 3 Bed
- 3 Bath
- 3850 sft
2074 Elmwood Dr, 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
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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