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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Gibraltar, MI

$ 215,000
ROI
21.8
Cash Flow/m
121- 2 Bed
- 2 Bath
- 978 sft
13810 Watersway Dr, Gibraltar, MI, 48173

$ 199,900
ROI
21.0
Cash Flow/m
71- 1 Bed
- 2 Bath
- 1680 sft
30352 Windsor #21, Gibraltar, MI, 48173

$ 169,900
ROI
22.4
Cash Flow/m
126- 1 Bed
- 1 Bath
- 1354 sft
30363 Windsor #25, Gibraltar, MI, 48173

$ 203,000
ROI
25.4
Cash Flow/m
316- 2 Bed
- 2 Bath
- 1840 sft
14151 Watersway Dr, Gibraltar, MI, 48173
Why Invest in Gibraltar, Michigan?
Investing in condos in Gibraltar, MI offers a strong market supported by steady rental demand and competitive cap rates around 5%. With an average ROI of 7% and rental yields near 6%, condo investments capitalize on the area's consistent appreciation of approximately 3% annually. The average cash flow for these properties remains attractive, supported by renter occupancy rates above 60%, making it a promising choice for real estate investors seeking mid-sized city opportunities in Michigan.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$900/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Gibraltar, MI is approximately 6%, reflecting stable rental demand and market conditions.
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