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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Farmington, MI
$ 390,000
ROI
26.0
Cash Flow/m
679- 2 Bed
- 3 Bath
- 2634 sft
37834 Siena Dr, Farmington, MI, 48331
$ 489,900
ROI
20.8Cash Flow/m
140- 3 Bed
- 2 Bath
- 2120 sft
35460 Woodfield Dr, Farmington, MI, 48331
$ 295,000
ROI
21.2Cash Flow/m
116- - Bed
- - Bath
- 1304 sft
38320 Saratoga Cir, Farmington, MI, 48331
$ 119,900
ROI
21.4Cash Flow/m
55- 1 Bed
- 1 Bath
- 735 sft
23418 Middlebelt Rd #10, Farmington, MI, 48336
Why Invest in Farmington, Michigan?
Investing in Farmington, MI condos offers a unique opportunity to benefit from the area's stable rental market and steady appreciation rates. Condominiums here provide attractive rental yields typically around 7%, with an average ROI of 6.5%. The cap rate remains solid at approximately 6%, underscored by a cash flow that supports long-term investment goals. Farmington's economy and housing dynamics make condo investments particularly appealing to real estate investors looking for consistent returns in Michigan.
6.5%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$250/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Rental yields for condos in Farmington typically average around 7%, making them an attractive option for steady cash flow investments.
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