27096 Little Floyd Lake Rd

Far off

54 photos

Photos, via Realtor.com.

Asking price: $610,000
Monthly cash flow: −$1,943
Estimated rent: $2,350/mo
Break-even price: $244,876

Adjust the numbers See the full breakdown

From the listing

Imagine waking up to serene lake views and the promise of outdoor adventures. This West-End of Madsen Grove Resort building entails 2 units with a shared wall totaling 4 beds / 2 baths / 2 kitchens. Step outside to discover a world of recreation from the expansive lakeside paver patio. Whether you're an investor, avid angler, water sports enthusiast, or simply love to bask in the tranquility of lake views, this property offers it all. Each unit comes with a dedicated boat slip and 2 unassigned parking spaces. End each day with breathtaking sunsets over the water, or a boat ride to Sunlite bar & grill just across the lake. Unit 1: The larger of the two - Currently set up as a active vacation rental - providing immediate income - featuring 2 bedrooms, 1 bathroom with laundry closet and custom tile shower, eat-in kitchen, entrance with bench and storage, and a large living room. Unit 2: Owner occupied - smaller of the two units with high end finishes. Features 2 beds, 1 bath with custom tile shower, electric floor heat, quartz vanity, and custom stone backsplash. The gourmet kitchen is a chef's dream, boasting high-end stainless steel appliances, sleek cabinetry, and a stylish stone-faced / Cambria-quartz island with comfortable seating. Natural light floods the space through large windows, while the stone accent wall adds a touch of rustic charm. Units were completely renovated in 2016-2017 - Including but not limited to - New wiring, plumbing, insulated septic lines, electrical, spray foam insulation, led fixtures, custom cabinetry, quartz / laminate counters, energy star stainless appliances, speed queen washer/dryers, tile, carpet, and vinyl plank flooring. Steel roofing and siding in 2015. Shared holding tanks pumped by 3rd party through HOA.

Description from Realtor.com, MLS #7005871. Believed reliable but not guaranteed; confirm with the listing agent. View on Realtor.com ↗

The numbers

Edit rents, costs and assumptions

Default: 20% down (no PMI), offer at asking, self-managed, 7.00% for 30 years, buyer pays closing costs (3%).

The deal

Price: $610,000
Cash to close: $140,300
Price per unit: $305,000
GRM: 21.6

Each month

Cash flow: −$1,943/mo
Cash-on-cash: −16.6%
Cap rate: 2.6%
DSCR: 0.40×

Break-even

Price that breaks even: $244,876
Rent that breaks even: $4,779/mo

Long run

Year 30: property vs stocks: $1.39M vs $2.77M
Cash flow turns positive: not within 30 years

Monthly

Monthly breakdown

Rent	$2,350
Vacancy (6%)	−$141
Collected	$2,209
Property tax Listing	−$171
Insurance Estimate	−$176
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (7% of rent)	−$165
Capital reserve (7% of rent)	−$165
Net operating income	$1,303
Mortgage (principal + interest)	−$3,247
Cash flow	−$1,943
Principal paid down (equity, not cash)	$413

Cash flow each year

Rents +3%/yr, costs +3.5%/yr. Red bars are months you'd cover out of pocket.

30 years

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,480,630
Minus 6% selling cost	−$88,838
Minus loan still owedTenants' rent paid down all $549,000 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,391,792
If you put the same money in stocks
Cash to close ($79,300) invested at 7%	$603,652
Monthly shortfalls ($615,301 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,272,168
What you'd walk away with	$2,875,820
Building minus stocks	−$1,484,028

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,480,630
Minus 6% selling cost	−$88,838
Minus loan still owedTenants' rent paid down all $549,000 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,391,792
If you put the same money in stocks
Cash to close ($79,300) invested at 7%	$603,652
Monthly shortfalls ($728,803 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,581,416
What you'd walk away with	$3,185,068
Building minus stocks	−$1,793,276

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,357
Minus 6% selling cost	−$87,381
Minus loan still owedTenants' rent paid down all $540,000 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,368,976
If you put the same money in stocks
Cash to close ($78,000) invested at 7%	$593,756
Monthly shortfalls ($593,476 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,202,555
What you'd walk away with	$2,796,311
Building minus stocks	−$1,427,335

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,357
Minus 6% selling cost	−$87,381
Minus loan still owedTenants' rent paid down all $540,000 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,368,976
If you put the same money in stocks
Cash to close ($78,000) invested at 7%	$593,756
Monthly shortfalls ($706,977 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,511,803
What you'd walk away with	$3,105,559
Building minus stocks	−$1,736,583

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,480,630
Minus 6% selling cost	−$88,838
Minus loan still owedTenants' rent paid down all $488,000 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,391,792
If you put the same money in stocks
Cash to close ($140,300) invested at 7%	$1,067,999
Monthly shortfalls ($452,731 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,705,976
What you'd walk away with	$2,773,975
Building minus stocks	−$1,382,183

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,480,630
Minus 6% selling cost	−$88,838
Minus loan still owedTenants' rent paid down all $488,000 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,391,792
If you put the same money in stocks
Cash to close ($140,300) invested at 7%	$1,067,999
Monthly shortfalls ($566,233 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,015,224
What you'd walk away with	$3,083,223
Building minus stocks	−$1,691,431

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,357
Minus 6% selling cost	−$87,381
Minus loan still owedTenants' rent paid down all $480,000 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,368,976
If you put the same money in stocks
Cash to close ($138,000) invested at 7%	$1,050,491
Monthly shortfalls ($433,570 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,645,644
What you'd walk away with	$2,696,136
Building minus stocks	−$1,327,160

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,357
Minus 6% selling cost	−$87,381
Minus loan still owedTenants' rent paid down all $480,000 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,368,976
If you put the same money in stocks
Cash to close ($138,000) invested at 7%	$1,050,491
Monthly shortfalls ($547,072 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,954,893
What you'd walk away with	$3,005,384
Building minus stocks	−$1,636,408

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,480,630
Minus 6% selling cost	−$88,838
Minus loan still owedTenants' rent paid down all $457,500 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,391,792
If you put the same money in stocks
Cash to close ($170,800) invested at 7%	$1,300,173
Monthly shortfalls ($379,681 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,475,963
What you'd walk away with	$2,776,136
Building minus stocks	−$1,384,344

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,480,630
Minus 6% selling cost	−$88,838
Minus loan still owedTenants' rent paid down all $457,500 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,391,792
If you put the same money in stocks
Cash to close ($170,800) invested at 7%	$1,300,173
Monthly shortfalls ($493,182 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,785,211
What you'd walk away with	$3,085,385
Building minus stocks	−$1,693,593

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,357
Minus 6% selling cost	−$87,381
Minus loan still owedTenants' rent paid down all $450,000 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,368,976
If you put the same money in stocks
Cash to close ($168,000) invested at 7%	$1,278,859
Monthly shortfalls ($361,718 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,419,402
What you'd walk away with	$2,698,261
Building minus stocks	−$1,329,285

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,357
Minus 6% selling cost	−$87,381
Minus loan still owedTenants' rent paid down all $450,000 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,368,976
If you put the same money in stocks
Cash to close ($168,000) invested at 7%	$1,278,859
Monthly shortfalls ($475,219 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,728,651
What you'd walk away with	$3,007,510
Building minus stocks	−$1,638,534

Future dollars. At 3% inflation, divide year-30 figures by about 2.4 for today's buying power. Rental profits are assumed invested, not spent.

30 years: this property vs. the same money in stocks

This propertyStocks at 7%

Year 30 (loan paid off): property $1.39M, stocks $2.77M. Stocks win.

Comparable rentals

The closest rental listings with each unit's bedroom count, as of 2026-10-04. The estimate is the median asking rent of every rental we found nearby (the count is shown for each); houses are left out. Asking rents from Realtor.com rental listings, not signed leases.

2 bed estimate $1,175/mo · range $950–$1,375 · 465 rentals across Greater Minnesota

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
502 Riverwood Dr, Detroit Lakes	$1,115	2 / 1	1,041	2.7 mi	2026-10-01	Apartment
1210 Jackson Ave, Detroit Lakes	$845	2 / 1	—	4.1 mi	2026-06-24	Apartment
1327 Madison Ave, Detroit Lakes	$1,200	2 / 1	—	4.2 mi	2026-06-23	Apartment
219 6th St Unit 9, Hawley	$1,400	2 / 1	1,592	22.9 mi	2026-08-17	Apartment
301 7th Ave NW, Pelican Rapids	$1,250	2 / 1	950	23.6 mi	2025-01-07	Apartment
125 6th St SW, Barnesville	$880	2 / 1	—	31.9 mi	2026-09-30	Apartment
500 2nd St SW, Twin Valley	$995	2 / 1	—	33.4 mi	2026-07-24	Apartment
203 Helten Ave, Park Rapids	$685	2 / 1	—	36.2 mi	2025-12-13	Apartment
210 Park Ave, Park Rapids	$1,020	2 / 1	800	36.8 mi	2026-09-01	Apartment
313 1st St E Apt 8, Park Rapids	$825	2 / 1	—	37.0 mi	2025-06-16	Apartment

On the maps, this property and comparable rentals. Comparable rentals and rent estimate: Realtor.com rental listings. Rents are asking rents from listings; check them against the actual leases.

Red flags and opportunities

Watch for

mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 27096 LITTLE FLOYD LAKE RD
mediumAsking is $365,124 above the price where cash flow breaks even ($244,876) at the default scenario. Based on: Derived: price $610,000 vs. break-even $244,876

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 271 days on market

Questions for the agent

Can we see the current leases and a rent roll, with move-in dates?
What did water/sewer/trash, heat and electric cost the owner over the last 12 months?
How old are the roof, boiler or furnaces, water heaters and electrical panels?
Is the building licensed as a rental for this many units, and when was the last city inspection?
Any special assessments pending, and will the seller pay them off at closing?

Standard questions worth asking about any building.

What the records say

Where each number comes from

Property tax / yr Listinglisting, tax year 2026. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit.	$2,048
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,112
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$170
Heat / mo Assumptionassumption. tenants pay heat; confirm with the agent	$0
Lawn care / mo Assumptionassumption. $120/mo for 6 months, spread over 12; no snow removal	$60
Repairs / capital reserve Rulerule. "completely renovated" in the description: -1 pts each	7% / 7%

Status history

2026-01-07New at $610,000

From the listing Listing

Listed as	duplex side x side
Property tax, 2026	$2,048
County	Becker
Parcel number	081114000

As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.

Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Detroit Lakes on rental licensing before you buy.