Condo Investment Properties for Sale in Detroit, MI
Listed for sale 4 days ago
$ 284,900
ROI
21.5
Cash Flow/m
139- 1 Bed
- 2 Bath
- 967 sft
3670 Woodward Ave APT 508, Detroit, MI, 48201
$ 150,000
ROI
21.5Cash Flow/m
72- 1 Bed
- 1 Bath
- 672 sft
7409 2nd Ave #29, Detroit, MI, 48202
$ 200,000
ROI
21.9Cash Flow/m
119- 1 Bed
- 1 Bath
- 762 sft
1001 W Jefferson Ave #1J, Detroit, MI, 48226
$ 499,995
ROI
23.9Cash Flow/m
580- 3 Bed
- 2 Bath
- 1700 sft
78 Watson St APT 3, 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.
Find Your Perfect Investment Property in Detroit, Michigan
Explore investment opportunities by strategy, performance, or property type
