Condo Investment Properties for Sale in Farmington, MI
Listed for sale 2 days ago
$ 145,000
ROI
23.2
Cash Flow/m
138- 2 Bed
- 1 Bath
- 957 sft
23420 Middlebelt Rd, Farmington, MI, 48336
$ 350,000
ROI
22.9Cash Flow/m
303- 2 Bed
- 3 Bath
- 2272 sft
35052 Meadow Ln, Farmington, MI, 48335
$ 514,999
ROI
24.9Cash Flow/m
678- 3 Bed
- 4 Bath
- 3488 sft
37814 Avon Ln, Farmington, MI, 48331
$ 369,000
ROI
25.0Cash Flow/m
535- 2 Bed
- 2 Bath
- 2634 sft
37834 Siena Dr, Farmington, MI, 48331
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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