Townhouse Investment Properties for Sale in Ferndale, MI
427- 2 Bed
- 3 Bath
- 1365 sft
596- 3 Bed
- 3 Bath
- 1524 sft
584- 2 Bed
- 1 Bath
- 801 sft
116- 3 Bed
- 1 Bath
- 854 sft
102- 2 Bed
- 1 Bath
- 1042 sft
- 3 Bed
- 2 Bath
- 1400 sft
849- 3 Bed
- 2 Bath
- 1380 sft
- 1 Bed
- 1 Bath
- 621 sft
901- 3 Bed
- 2 Bath
- 1216 sft
751- 2 Bed
- 1 Bath
- 1132 sft
638- 3 Bed
- 1 Bath
- 1320 sft
96- 5 Bed
- 2 Bath
- 2300 sft
135- - Bed
- 1 Bath
- 628 sft
129- 2 Bed
- 1 Bath
- 820 sft
119- 1 Bed
- 1 Bath
- 780 sft
110- 1 Bed
- 1 Bath
- 360 sft
471- 5 Bed
- 2 Bath
- 1926 sft
106- 3 Bed
- 1 Bath
- 1278 sft
753- 3 Bed
- 2 Bath
- 737 sft
808- 3 Bed
- 2 Bath
- 2185 sft
93- 2 Bed
- 1 Bath
- 867 sft
111- 2 Bed
- 1 Bath
- 940 sft
93- 5 Bed
- 1 Bath
- 1466 sft
646- 5 Bed
- 2 Bath
- 988 sft
93- 4 Bed
- 2 Bath
- 1680 sft
136- 3 Bed
- 1 Bath
- 887 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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