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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Detroit, MI
Listed for sale 7 days ago
$ 255,000
ROI
20.7
Cash Flow/m
66- 2 Bed
- 1 Bath
- 1214 sft
250 E Harbortown Dr APT 1008, Detroit, MI, 48207
$ 179,900
ROI
23.1Cash Flow/m
166- 1 Bed
- 1 Bath
- 552 sft
300 Riverfront Dr Unit 14G, Detroit, MI, 48226
$ 315,000
ROI
20.2Cash Flow/m
42- 1 Bed
- 1 Bath
- 820 sft
1652 Bagley St Unit 19, Detroit, MI, 48216
$ 465,000
ROI
24.8Cash Flow/m
647- 2 Bed
- 3 Bath
- 1484 sft
411 E Ferry St #15, Detroit, MI, 48202
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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