Condo Investment Properties for Sale in Chesterfield, MI
Listed for sale 7 days ago
$ 214,999
ROI
27.4
Cash Flow/m
457- 2 Bed
- 2 Bath
- 1400 sft
51680 Hale Ln, Chesterfield, MI, 48051
$ 242,900
ROI
24.6Cash Flow/m
325- 2 Bed
- 2 Bath
- 1120 sft
26165 Markiegrove, Chesterfield, MI, 48051
$ 280,000
ROI
21.0Cash Flow/m
97- 2 Bed
- 2 Bath
- 1363 sft
30112 Raintree Cir, Chesterfield, MI, 48047
$ 256,900
ROI
24.2Cash Flow/m
315- 2 Bed
- 3 Bath
- 2490 sft
26173 Annagrove Ln, Chesterfield, MI, 48051
Why Invest in Chesterfield, Michigan?
Investing in Chesterfield, MI condos offers a prime opportunity in a growing Michigan suburban market. With an average ROI of 6.5% and rental yields at 8%, condos provide attractive cash flow potential. Appreciation rates have been steady at 3.1% annually, supported by strong renter occupancy around 65%. The local economy, driven by manufacturing and healthcare, sustains income growth, making condo investments reliable. Strategic location near Detroit metropolitan area enhances tenant demand.
6.5%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$850/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Chesterfield is approximately 8%, reflecting strong rental demand in this suburban market.
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