Condo Investment Properties in Detroit, MI | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Condo Investment Properties for Sale in Detroit, MI

Property at 3632 E Hancock St, Detroit, MI
Currently Rented
Listed for sale 3 days ago
$ 129,900
ROI
24.1ROI percentage
Cash Flow/m
Dollar sign155
  • 2 Bed
  • 1 Bath
  • 2000 sft
3632 E Hancock St, Detroit, MI, 48207
Property at 242 E Palmer St APT 3, Detroit, MI
Listed for sale 7 days ago
$ 224,500
ROI
24.9ROI percentage
Cash Flow/m
Dollar sign319
  • 2 Bed
  • 1 Bath
  • 950 sft
242 E Palmer St APT 3, Detroit, MI, 48202
Property at 2987 Franklin St #2D, Detroit, MI
Rental Income
$ 249,000
ROI
23.0ROI percentage
Cash Flow/m
Dollar sign224
  • 1 Bed
  • 1 Bath
  • 690 sft
2987 Franklin St #2D, Detroit, MI, 48207
Property at 691 W Alexandrine St #1, Detroit, MI
$ 425,000
ROI
22.2ROI percentage
Cash Flow/m
Dollar sign293
  • 2 Bed
  • 2 Bath
  • 2000 sft
691 W Alexandrine St #1, Detroit, MI, 48201

Why Invest in Detroit, Michigan?

Detroit condo investments offer stable returns in a market balancing affordability and demand. Appreciation is forecasted at 3-5% metro-wide, with select areas reaching 5-7%. Rental yields remain attractive amid steady demand and modest rent growth. Cap rates support cash flow for long-term holders seeking predictable growth. Renter-occupied units dominate, ensuring reliable income streams.

6.5%
Avg. ROI
7.2%
Rental Yield
8.1%
Cap Rate
$450/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
4.2%
1Y Appreciation

Frequently Asked Questions

Yes, with 3-5% appreciation and 7-8% cap rates, condos offer stable returns. Demand from renters and affordability drive value. Balanced market favors buy-and-hold strategies.

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