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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Allen Park, MI
$ 105,000
ROI
23.8
Cash Flow/m
118- 2 Bed
- 1 Bath
- 780 sft
10185 Allen Pointe Dr #B, Allen Park, MI, 48101
$ 123,000
ROI
25.9Cash Flow/m
211- 2 Bed
- 3 Bath
- 1125 sft
41 Parkplace Rd W, Allen Park, MI, 48101
$ 109,900
ROI
30.6Cash Flow/m
332- 2 Bed
- 2 Bath
- 796 sft
9921 Allen Pointe Dr, Allen Park, MI, 48101
$ 189,900
ROI
23.9Cash Flow/m
221- 2 Bed
- 2 Bath
- 1441 sft
14820 Paris Ct #15, Allen Park, MI, 48101
Why Invest in Allen Park, Michigan?
Investing in condos in Allen Park, MI offers a compelling opportunity for real estate investors seeking steady rental income. The city benefits from an average cap rate of 6.5%, with rental yields around 8%, providing attractive cash flow metrics. Appreciation rates stand at a solid 3.2%, reflecting steady market growth. Rental affordability attracts a renter-occupied population of 55%. These stable metrics make Allen Park condos a viable addition to diversified portfolios.
7%
Avg. ROI
8%
Rental Yield
6.5%
Cap Rate
$950/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average rent for condos in Allen Park is approximately $1,100 per month, making it an affordable option for renters in the Detroit metropolitan area.
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