Multi-Family Investment Properties in Ferndale, MI | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Multi Family Investment Properties for Sale in Ferndale, MI

Property at 967 Alberta St, Ferndale, MI
Currently Rented
Rental Income
$ 359,000
ROI
21.4ROI percentage
Cash Flow/m
Dollar sign162
  • 3 Bed
  • 2 Bath
  • 1500 sft
967 Alberta St, Ferndale, MI, 48220
Property at 1936 Farrow St, Ferndale, MI
$ 275,000
ROI
25.1ROI percentage
Cash Flow/m
Dollar sign410
  • 3 Bed
  • 2 Bath
  • 1400 sft
1936 Farrow St, Ferndale, MI, 48220
Property at 690 E Marshall St, Ferndale, MI
$ 279,000
ROI
21.9ROI percentage
Cash Flow/m
Dollar sign164
  • 2 Bed
  • 2 Bath
  • 1600 sft
690 E Marshall St, Ferndale, MI, 48220
Property at 212 Ardmore Dr, Ferndale, MI
Rental Income
$ 325,000
ROI
26.7ROI percentage
Cash Flow/m
Dollar sign626
  • 2 Bed
  • 3 Bath
  • 1389 sft
212 Ardmore Dr, Ferndale, MI, 48220

Why Invest in Ferndale, Michigan?

Investing in multi-family properties in Ferndale, MI offers great potential with an average ROI of around 7%. The city’s rental yield is solid due to steady renter demand and a cap rate near 6%, making it a reliable market for cash flow. Average rents are competitive at $1,200 per unit, with appreciation rates holding steady at 3% annually. A renter-occupied rate of 65% indicates strong rental market dynamics, suitable for both new and experienced investors seeking growth and income.

7%
Avg. ROI
5.5%
Rental Yield
6%
Cap Rate
$850/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

The average ROI for multi-family properties in Ferndale, MI is approximately 7%, driven by steady rental yields and local market demand.

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