Investment Properties Under $200K in Devils Lake, ND | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Under $200K Investment Properties for Sale in Devils Lake, ND

Why Invest in Devils Lake, North Dakota?

Devils Lake offers affordable entry points for real estate investors seeking properties under $200k in a stabilizing Midwest market. The median home value of $235k (as of December 2025) provides opportunities for value-add strategies and rental income generation. With 41 homes currently listed under $200k, investors can access multi-unit potential and renovation projects at competitive price points. The region's steady appreciation trend and lower acquisition costs create favorable conditions for cash flow-focused portfolios.

6.5%
Avg. ROI
5.2%
Rental Yield
7.1%
Cap Rate
$450/mo
Avg. Cash Flow
$950/mo
Avg. Rent
2.8%
1Y Appreciation

Frequently Asked Questions

There are 41 homes for sale under $200k in Devils Lake, ND as of January 2026. This represents a substantial portion of active inventory, providing investors with multiple options across different property types and conditions.

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