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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 2 days ago
$ 289,800
ROI
22.4
Cash Flow/m
210- 2 Bed
- 2 Bath
- 1380 sft
28033 Cotton Creek Dr, Chesterfield, MI, 48047
$ 174,900
ROI
25.2Cash Flow/m
265- 2 Bed
- 2 Bath
- 1098 sft
33524 Meldrum St, Chesterfield, MI, 48047
$ 265,000
ROI
22.8Cash Flow/m
227- 3 Bed
- 3 Bath
- 1438 sft
51147 Courtyard Dr, Chesterfield, MI, 48047
$ 215,000
ROI
20.8Cash Flow/m
64- 2 Bed
- 2 Bath
- 1427 sft
28304 Adler Park Dr S, 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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