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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
26.2
Cash Flow/m
365- 3 Bed
- 2 Bath
- 1056 sft
704 Elmwood Rd Unit 4, Devils Lake, ND, 58301
or
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35.3
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$ 100,000
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26.7
Cash Flow/m
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- 1 Bath
- 1592 sft
21 Soo St S, Donnybrook, ND, 58734

$ 100,000
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21.2
Cash Flow/m
41- 2 Bed
- 1 Bath
- 740 sft
1440 16th St S, Fargo, ND, 58103

$ 100,000
ROI
22.9
Cash Flow/m
87- 1 Bed
- 1 Bath
- 1360 sft
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25.6
Cash Flow/m
161- 2 Bed
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606 19th Ave SE APT 11, Minot, ND, 58701

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Cash Flow/m
-- - Bed
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25.1
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150- 2 Bed
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45 2nd St NE, Garrison, ND, 58540

Motivated Seller
$ 100,000
ROI
21.8
Cash Flow/m
56- 3 Bed
- 2 Bath
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724 4th St SW, Valley City, ND, 58072

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25.8
Cash Flow/m
168- 4 Bed
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26.0
Cash Flow/m
172- 2 Bed
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204 1st Ave SE, Zeeland, ND, 58581

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170- 3 Bed
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21.6
Cash Flow/m
51- 6 Bed
- 3 Bath
- 3918 sft
1304 2nd Ave S, Hettinger, ND, 58639

$ 100,000
ROI
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- 1 Bath
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14 Prairie St, Portal, ND, 58772

$ 100,000
ROI
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166- 3 Bed
- 2 Bath
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206 2nd St SW, Belfield, ND, 58622

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- - Bath
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$ 100,600
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Cash Flow/m
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- 2 Bath
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401 Central Ave, New Rockford, ND, 58356

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26.0
Cash Flow/m
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110 5th Ave N #W, Bowman, ND, 58623
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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