Condo Investment Properties for Sale in Ferndale, MI
83- 1 Bed
- 1 Bath
- 809 sft
52- 1 Bed
- 1 Bath
- 538 sft
86- 2 Bed
- 2 Bath
- 1369 sft
133- 3 Bed
- 1 Bath
- 1110 sft
101- 5 Bed
- 3 Bath
- 2061 sft
117- 2 Bed
- 1 Bath
- 1112 sft
105- 3 Bed
- 2 Bath
- 1232 sft
142- 3 Bed
- 2 Bath
- 1850 sft
131- 2 Bed
- 1 Bath
- 1143 sft
104- 2 Bed
- 1 Bath
- 924 sft
129- 2 Bed
- 2 Bath
- 1252 sft
138- 2 Bed
- 1 Bath
- 1020 sft
- 3 Bed
- 2 Bath
- 1275 sft
117- 2 Bed
- 1 Bath
- 960 sft
103- 2 Bed
- 1 Bath
- 704 sft
96- 2 Bed
- 1 Bath
- 672 sft
92- 1 Bed
- 1 Bath
- 700 sft
111- 2 Bed
- 1 Bath
- 937 sft
125- 3 Bed
- 2 Bath
- 1520 sft
133- 3 Bed
- 1 Bath
- 966 sft
133- 3 Bed
- 1 Bath
- 2120 sft
343- 5 Bed
- 3 Bath
- 1810 sft
128- 3 Bed
- 2 Bath
- 1600 sft
135- 3 Bed
- 1 Bath
- 1048 sft
125- 1 Bed
- 1 Bath
- 600 sft
124- 2 Bed
- 1 Bath
- 887 sft
135- 2 Bed
- 1 Bath
- 960 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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