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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Chesterfield, MI
$ 159,000
ROI
20.3
Cash Flow/m
21- 2 Bed
- 2 Bath
- 1120 sft
29809 Cathy Ln, Chesterfield, MI, 48047
$ 185,000
ROI
27.0Cash Flow/m
371- 2 Bed
- 2 Bath
- 1098 sft
33542 Meldrum St, Chesterfield, MI, 48047
$ 250,000
ROI
27.2Cash Flow/m
518- 3 Bed
- 2 Bath
- 1511 sft
28248 S Pointe Ln, Chesterfield, MI, 48051
$ 219,900
ROI
20.9Cash Flow/m
72- 3 Bed
- 2 Bath
- 1368 sft
33616 Bayview Dr, Chesterfield, MI, 48047
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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