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 1300 E Lafayette St APT 107, Detroit, MI
$ 169,900
ROI
44.2ROI percentage
Cash Flow/m
Dollar sign1154
  • 3 Bed
  • 2 Bath
  • 1695 sft
1300 E Lafayette St APT 107, Detroit, MI, 48207
Property at 1300 E Lafayette St APT 307, Detroit, MI
$ 269,000
ROI
34.2ROI percentage
Cash Flow/m
Dollar sign1083
  • 3 Bed
  • 2 Bath
  • 1664 sft
1300 E Lafayette St APT 307, Detroit, MI, 48207
Property at 458 Hague St Unit 3, Detroit, MI
$ 229,900
ROI
26.8ROI percentage
Cash Flow/m
Dollar sign449
  • 2 Bed
  • 2 Bath
  • 2286 sft
458 Hague St Unit 3, Detroit, MI, 48202
Property at 469 W Willis St APT 1, Detroit, MI
$ 295,000
ROI
21.1ROI percentage
Cash Flow/m
Dollar sign109
  • 2 Bed
  • 2 Bath
  • 1043 sft
469 W Willis St APT 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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