Condo Investment Properties for Sale in Drummond Island, MI
517- 2 Bed
- 2 Bath
- 1250 sft
518- 4 Bed
- 3 Bath
- 1520 sft
115- 2 Bed
- 1 Bath
- 1930 sft
109- 3 Bed
- 2 Bath
- 1296 sft
143- 3 Bed
- 1 Bath
- 1000 sft
145- 2 Bed
- 1 Bath
- 720 sft
128- 3 Bed
- 1 Bath
- 1485 sft
141- 2 Bed
- 1 Bath
- 1080 sft
- 3 Bed
- 2 Bath
- 1244 sft
129- 2 Bed
- 1 Bath
- 1320 sft
140- 2 Bed
- 1 Bath
- 804 sft
141- 3 Bed
- 1 Bath
- 1208 sft
91- 2 Bed
- 1 Bath
- 778 sft
134- - Bed
- - Bath
- - sft
- 1 Bed
- 1 Bath
- 793 sft
326- 2 Bed
- 2 Bath
- - sft
130- 2 Bed
- 1 Bath
- 696 sft
117- 3 Bed
- 1 Bath
- 960 sft
- 1 Bed
- 1 Bath
- 596 sft
144- 2 Bed
- 1 Bath
- 874 sft
123- 2 Bed
- 2 Bath
- 969 sft
135- 2 Bed
- 1 Bath
- 1031 sft
98- 2 Bed
- 1 Bath
- 1040 sft
122- - Bed
- - Bath
- 1296 sft
-- 3 Bed
- 2 Bath
- 1056 sft
139- 3 Bed
- 1 Bath
- 929 sft
Why Invest in Drummond Island, Michigan?
Investing in condo properties on Drummond Island, MI offers a unique opportunity to capitalize on a growing vacation and retirement community. The average ROI for condos here stands at a solid 7.1%, supported by a rental yield of 5.5%. With an average monthly rent of $1,000 and steady appreciation rates of 2.2%, this market appeals to investors seeking moderate cash flow and long-term growth in a scenic location. Additionally, the renter-occupied rate of 45% demonstrates a healthy rental demand in this niche market.
Frequently Asked Questions
Investing in Drummond Island condos offers a blend of steady rental demand and appealing vacation destination dynamics. Moderate appreciation and healthy cap rates make it a promising choice for balanced cash flow and long-term growth.
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