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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Devils Lake, ND
Rental Income
$ 265,000
ROI
24.0
Cash Flow/m
312- 2 Bed
- 2 Bath
- 1344 sft
704 Elmwood Rd Unit 7, Devils Lake, ND, 58301
Rental Income
$ 205,000
ROI
26.2Cash Flow/m
365- 3 Bed
- 2 Bath
- 1056 sft
704 Elmwood Rd Unit 4, Devils Lake, ND, 58301
or
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35.3Cash Flow/m
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Motivated Seller
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Why Invest in Devils Lake, North Dakota?
Devils Lake, ND offers compelling opportunities for condo investors seeking steady rental demand near the lake. Recent home value appreciation of 4.1% supports long-term growth[1]. With median home values around $235,000, entry costs remain accessible for cash-flowing properties[1][2]. Renter-occupied rates provide stability amid seasonal tourism[1]. Cap rates around 7-8% attract value-add strategies in this stable market.
8.5%
Avg. ROI
7.2%
Rental Yield
7.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4.1%
1Y Appreciation
Frequently Asked Questions
Yes, condos benefit from lake proximity and 4.1% appreciation rates[1]. Steady renter demand from tourism and locals yields 7%+ returns. Low entry prices around $200k support cash flow.
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