Townhouse Investment Properties for Sale in Ferndale, MI
427- 2 Bed
- 3 Bath
- 1365 sft
596- 3 Bed
- 3 Bath
- 1524 sft
133- 3 Bed
- 1 Bath
- 1110 sft
101- 5 Bed
- 3 Bath
- 2061 sft
117- 2 Bed
- 1 Bath
- 1112 sft
105- 3 Bed
- 2 Bath
- 1232 sft
142- 3 Bed
- 2 Bath
- 1850 sft
131- 2 Bed
- 1 Bath
- 1143 sft
104- 2 Bed
- 1 Bath
- 924 sft
129- 2 Bed
- 2 Bath
- 1252 sft
138- 2 Bed
- 1 Bath
- 1020 sft
- 3 Bed
- 2 Bath
- 1275 sft
117- 2 Bed
- 1 Bath
- 960 sft
103- 2 Bed
- 1 Bath
- 704 sft
96- 2 Bed
- 1 Bath
- 672 sft
92- 1 Bed
- 1 Bath
- 700 sft
111- 2 Bed
- 1 Bath
- 937 sft
125- 3 Bed
- 2 Bath
- 1520 sft
133- 3 Bed
- 1 Bath
- 966 sft
133- 3 Bed
- 1 Bath
- 2120 sft
343- 5 Bed
- 3 Bath
- 1810 sft
128- 3 Bed
- 2 Bath
- 1600 sft
135- 3 Bed
- 1 Bath
- 1048 sft
125- 1 Bed
- 1 Bath
- 600 sft
124- 2 Bed
- 1 Bath
- 887 sft
135- 2 Bed
- 1 Bath
- 960 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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