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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Chesterfield, MI
Listed for sale 4 days ago
$ 255,000
ROI
25.6
Cash Flow/m
414- 3 Bed
- 2 Bath
- 1511 sft
28248 S Pointe Ln, Chesterfield, MI, 48051
Listed for sale 4 days ago
$ 339,900
ROI
21.8Cash Flow/m
191- 2 Bed
- 2 Bath
- 1339 sft
48810 Birmingham Dr, Chesterfield, MI, 48047
Listed for sale 5 days ago
$ 165,000
ROI
19.8Cash Flow/m
2- 2 Bed
- 2 Bath
- 1056 sft
50187 N Jimmy Ct, Chesterfield, MI, 48047
$ 224,900
ROI
27.4Cash Flow/m
480- 2 Bed
- 2 Bath
- 1562 sft
51768 Adler Park Dr W, 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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