Condo Investment Properties for Sale in Ferndale, MI
466- 2 Bed
- 2 Bath
- 1488 sft
1863- 2 Bed
- 2 Bath
- 1164 sft
86- 2 Bed
- 2 Bath
- 1369 sft
93- 2 Bed
- 1 Bath
- 720 sft
132- 3 Bed
- 1 Bath
- 1485 sft
124- 2 Bed
- 1 Bath
- 1080 sft
389- 6 Bed
- 1 Bath
- 2350 sft
- 3 Bed
- 2 Bath
- 1244 sft
129- 2 Bed
- 1 Bath
- 1320 sft
-- 3 Bed
- 2 Bath
- 1152 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
139- 3 Bed
- 1 Bath
- 929 sft
100- 2 Bed
- 1 Bath
- 780 sft
101- 3 Bed
- 2 Bath
- 1941 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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