Townhouse Investment Properties for Sale in Ferndale, MI
366- 2 Bed
- 2 Bath
- 1369 sft
596- 3 Bed
- 3 Bath
- 1524 sft
-- 3 Bed
- 2 Bath
- 1200 sft
129- 3 Bed
- 1 Bath
- 1210 sft
96- 3 Bed
- 1 Bath
- 1589 sft
102- 3 Bed
- 2 Bath
- 1008 sft
119- 2 Bed
- 1 Bath
- 1336 sft
127- 3 Bed
- 1 Bath
- 860 sft
128- 3 Bed
- 1 Bath
- 1043 sft
125- 2 Bed
- 1 Bath
- 1100 sft
104- 2 Bed
- 2 Bath
- 1064 sft
- 2 Bed
- 1 Bath
- 882 sft
-- 1 Bed
- 1 Bath
- 384 sft
140- 3 Bed
- 2 Bath
- 1344 sft
117- 4 Bed
- 2 Bath
- 1188 sft
127- 2 Bed
- 1 Bath
- 1129 sft
117- 3 Bed
- 1 Bath
- 1270 sft
102- 3 Bed
- 1 Bath
- - sft
104- 3 Bed
- 1 Bath
- 960 sft
- 3 Bed
- 2 Bath
- 1248 sft
- 1 Bed
- 1 Bath
- 707 sft
94- 2 Bed
- 2 Bath
- 896 sft
118- 3 Bed
- 2 Bath
- 1360 sft
99- 2 Bed
- 1 Bath
- 804 sft
112- 2 Bed
- 1 Bath
- 780 sft
124- 2 Bed
- 1 Bath
- 660 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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