Condo Investment Properties for Sale in Cadillac, MI
$ 429,900
ROI
24.0
Cash Flow/m
508- 2 Bed
- 2 Bath
- 2100 sft
137 Davidsen Shores Dr, Cadillac, MI, 49601
$ 309,900
ROI
25.5Cash Flow/m
494- 2 Bed
- 2 Bath
- 1593 sft
143 N Shore Dr W, Cadillac, MI, 49601
$ 319,900
ROI
22.2Cash Flow/m
216- 2 Bed
- 2 Bath
- 1398 sft
133 N Shore Dr W #10, Cadillac, MI, 49601
$ 237,500
ROI
25.4Cash Flow/m
372- 2 Bed
- 2 Bath
- 1330 sft
301 N Lake St Unit 206, Cadillac, MI, 49601
Why Invest in Cadillac, Michigan?
Investing in condos in Cadillac, MI offers a promising opportunity for investors looking to capitalize on a stable rental market. The city’s average rental yield of 7.2% and cap rate near 6.5% indicate solid income potential. With an average ROI of 8% and a growing renter-occupied rate of 55%, condos provide attractive cash flow. Appreciation is steady at around 3.5% annually, supported by local economic growth and housing demand.
8%
Avg. ROI
7.2%
Rental Yield
6.5%
Cap Rate
$950/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The typical rental yield for condos in Cadillac is around 7.2%, making it a lucrative choice for rental property investors.
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