Townhouse Investment Properties for Sale in Ferndale, MI
783- 2 Bed
- 3 Bath
- 1334 sft
36- 4 Bed
- 2 Bath
- 2248 sft
750- 3 Bed
- 3 Bath
- 1524 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 townhouse properties in Ferndale, MI offers a promising opportunity for steady rental income combined with strong appreciation potential. The local market shows a cap rate of around 6.2%, with an average rental yield of 7.5%, making townhouses an attractive segment for investors. With a growing renter-occupied population nearing 48%, Ferndale provides a solid tenant base. Average cash flow from rentals is estimated at $550 per month, supported by a median rent of $1,200. Recent appreciation rates of 3.8% align well with Michigan's favorable housing market trends.
Frequently Asked Questions
The average rental yield for townhouses in Ferndale is approximately 7.5%, indicating solid returns on investment in this property type.
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