Condo Investment Properties for Sale in Ferndale, MI
52- 1 Bed
- 1 Bath
- 538 sft
86- 2 Bed
- 2 Bath
- 1369 sft
139- 3 Bed
- 1 Bath
- 964 sft
116- 3 Bed
- 1 Bath
- 854 sft
102- 2 Bed
- 1 Bath
- 1042 sft
- 3 Bed
- 2 Bath
- 1400 sft
849- 3 Bed
- 2 Bath
- 1380 sft
- 1 Bed
- 1 Bath
- 621 sft
901- 3 Bed
- 2 Bath
- 1216 sft
751- 2 Bed
- 1 Bath
- 1132 sft
638- 3 Bed
- 1 Bath
- 1320 sft
96- 5 Bed
- 2 Bath
- 2300 sft
135- - Bed
- 1 Bath
- 628 sft
129- 2 Bed
- 1 Bath
- 820 sft
119- 1 Bed
- 1 Bath
- 780 sft
110- 1 Bed
- 1 Bath
- 360 sft
471- 5 Bed
- 2 Bath
- 1926 sft
106- 3 Bed
- 1 Bath
- 1278 sft
753- 3 Bed
- 2 Bath
- 737 sft
808- 3 Bed
- 2 Bath
- 2185 sft
93- 2 Bed
- 1 Bath
- 867 sft
111- 2 Bed
- 1 Bath
- 940 sft
93- 5 Bed
- 1 Bath
- 1466 sft
646- 5 Bed
- 2 Bath
- 988 sft
93- 4 Bed
- 2 Bath
- 1680 sft
136- 3 Bed
- 1 Bath
- 887 sft
Why Invest in Ferndale, Michigan?
Investing in condos in Ferndale, MI offers a promising opportunity for real estate investors focused on this growing metro area. Known for its vibrant community and proximity to Detroit, Ferndale boasts a solid average rental yield of 7.2% and an average ROI of 8.5%. The cap rate for condos stands at a competitive 6.1%, while average monthly rents are around $1,100, providing steady cash flow. Appreciation rates in Ferndale remain positive at 3.4% annually, supported by the increasing renter-occupied rate of 56%. These metrics underline Ferndale’s appeal as a desirable investment location with strong rental demand.
Frequently Asked Questions
The average rental yield for condos in Ferndale is approximately 7.2%, indicating steady income potential for investors.
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