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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Franklin, MI
$ 550,000
ROI
21.3
Cash Flow/m
188- 3 Bed
- 4 Bath
- 2842 sft
23715 Overlook Cir, Franklin, MI, 48025
$ 259,900
ROI
25.5Cash Flow/m
417- 2 Bed
- 2 Bath
- 1601 sft
19710 W Thirteen Mile Rd, Franklin, MI, 48025
$ 460,000
ROI
26.1Cash Flow/m
818- 3 Bed
- 4 Bath
- 3187 sft
30270 Oakview Way, Franklin, MI, 48025
$ 315,000
ROI
26.0Cash Flow/m
545- 2 Bed
- 3 Bath
- 1503 sft
18674 W Thirteen Mile Rd, Franklin, MI, 48025
Why Invest in Franklin, Michigan?
Investing in condos in Franklin, MI offers a promising opportunity in a stable market. This segment benefits from a healthy cap rate and solid rental yields of approximately 6.5%, reflecting strong demand. With an average ROI near 7.5% and steady cash flows, investors can expect sustainable income growth. Appreciation rates of around 3% annually highlight the area's potential for capital gains. The renter-occupied rate of 52% indicates a balanced rental market valued by both residents and investors.
7.5%
Avg. ROI
6.5%
Rental Yield
5.8%
Cap Rate
$500/mo
Avg. Cash Flow
$1300/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Franklin, MI is approximately 6.5%, indicating a strong income potential for investors in this market.
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