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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Bay City, MI
Listed for sale 5 days ago
$ 239,900
ROI
30.2
Cash Flow/m
698- 2 Bed
- 2 Bath
- 1706 sft
19 Cove Dr, Bay City, MI, 48706
$ 195,000
ROI
20.2Cash Flow/m
25- 2 Bed
- 2 Bath
- 1508 sft
4832 Appletree Ln, Bay City, MI, 48706
$ 169,900
ROI
21.0Cash Flow/m
58- 2 Bed
- 1 Bath
- 858 sft
301 S Walnut St, Bay City, MI, 48706
$ 299,900
ROI
28.3Cash Flow/m
714- 3 Bed
- 3 Bath
- 2214 sft
6317 Heather Ridge Dr, Bay City, MI, 48706
Why Invest in Bay City, Michigan?
Investing in condos in Bay City, MI offers an attractive opportunity for investors looking for steady rental income and appreciation. The local market features solid average rental yields around 8%, cap rates near 6%, and average cash flows that align well with mid-sized Michigan cities. Bay City's appreciation rate of approximately 3% reflects a stable housing market supported by a renter-occupied rate above 50%. These factors make Bay City condos a promising asset for both short and long-term investment strategies.
7%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$850/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Bay City is approximately 8%, providing a solid return compared to similar Michigan cities.
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