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Detroit Lakes

Greater Minnesota city. Every 2–4 unit listing here, run through the same numbers at 20% down and 7%.

Compare with other cities →

Neighborhood profile

Listings we track
2
Median price per unit
$271K
Typical cash flow
−$2,123
median per month, 20% down
Rent rules
No cap
Rents can reset to market at renewal

Crime, rental-license and Census neighborhood figures are only available for St. Paul and Minneapolis so far.

Map

Top picks

Ranked on real rent estimates (nearby comparable rentals or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.

−$2,303/mo cash flow
Far off · cap 3.5% · 20% down
$950,000
4 units11 bd7 ba6,892 sqft
1311 Summit Ave, Detroit Lakes
Rents: region-wide median
−$1,943/mo cash flow
Far off · cap 2.6% · 20% down
$610,000
2 units4 bd2 ba1,248 sqft
27096 Little Floyd Lake Rd, Detroit Lakes
Rents: region-wide median

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 27096 Little Floyd Lake Rd −$1,943/mo
  2. 1311 Summit Ave −$2,303/mo

Best long-term

Year-30 wealth vs. the same money in stocks.

  1. 1311 Summit Ave 0.67× stocks
  2. 27096 Little Floyd Lake Rd 0.50× stocks

Value-add

Under-rented, needs work, or room to negotiate.

  1. 1311 Summit Ave Long time on market: room to negotiate.
  2. 27096 Little Floyd Lake Rd Long time on market: room to negotiate.

Proceed with caution

Decent numbers, serious flags.

Nothing here right now.

All listings

2 listings. Filter by price or units, or switch the down payment.

  1. 1311 Summit Ave

    $950,000 · 4 units
    Far off
    Cash flow −$2,303/mo Cap 3.5% Break-even price $517K Yr 30 vs stocks 0.67× Positive in yr 24

  2. 27096 Little Floyd Lake Rd

    $610,000 · 2 units
    Far off
    Cash flow −$1,943/mo Cap 2.6% Break-even price $245K Yr 30 vs stocks 0.50× Positive in 30+ yrs

Monthly cash flow

−$2,500−$2,000−$1,500−$1,000−$500$0break-even27096 Little Floyd Lake Rd−$1,9431311 Summit Ave−$2,303

What's changing

Nothing curated for this city yet.