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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 3 days ago
$ 379,000
ROI
21.5
Cash Flow/m
188- 4 Bed
- 2 Bath
- 2000 sft
323 Sherman St, Detroit Lakes, MN, 56501
Listed for sale 5 days ago
$ 334,900
ROI
30.4Cash Flow/m
995- 2 Bed
- 2 Bath
- 1371 sft
1637 Long Bridge Rd, Detroit Lakes, MN, 56501
Listed for sale 5 days ago
$ 425,000
ROI
32.8Cash Flow/m
1546- 3 Bed
- 2 Bath
- 1548 sft
1190 Bayridge Dr, Detroit Lakes, MN, 56501
Listed for sale 5 days ago
$ 384,900
ROI
26.1Cash Flow/m
683- 3 Bed
- 2 Bath
- 1568 sft
317 Oak Hills Dr, 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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