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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
Currently Rented
Fix & Flip
$ 249,900
ROI
22.0
Cash Flow/m
157- 4 Bed
- 2 Bath
- 1465 sft
581 E Drayton St, Ferndale, MI, 48220
Currently Rented
Fix & Flip
Rental Income
$ 260,000
ROI
24.8Cash Flow/m
367- 3 Bed
- 2 Bath
- 1180 sft
348 W Chesterfield St, Ferndale, MI, 48220
$ 445,000
ROI
20.7Cash Flow/m
114- 4 Bed
- 1 Bath
- 2652 sft
580 Withington St, Ferndale, MI, 48220
Currently Rented
Rental Income
$ 210,000
ROI
24.5Cash Flow/m
278- 4 Bed
- 2 Bath
- 1258 sft
20830 Westview Ave, 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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