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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Grand Ledge, MI
Listed for sale 6 days ago
$ 205,000
ROI
25.8
Cash Flow/m
342- 2 Bed
- 2 Bath
- 1552 sft
914 Timbercreek Dr APT 13, Grand Ledge, MI, 48837
$ 397,899
ROI
21.0Cash Flow/m
133- 2 Bed
- 2 Bath
- 1505 sft
1137 Peninsula Dr, Grand Ledge, MI, 48837
$ 407,509
ROI
20.1Cash Flow/m
34- 2 Bed
- 2 Bath
- 1505 sft
1134 Peninsula Dr, Grand Ledge, MI, 48837
$ 373,599
ROI
22.5Cash Flow/m
280- 2 Bed
- 2 Bath
- 1498 sft
1145 Peninsula Dr, Grand Ledge, MI, 48837
Why Invest in Grand Ledge, Michigan?
Investing in condos in Grand Ledge, MI offers an excellent opportunity for real estate investors seeking stable returns and growth. The local market features an average ROI of 7.5%, supported by a rental yield of 6.8% and a cap rate of 5.5%. With rising rental demand and appreciation rates averaging 3.2% annually, condos here maintain strong cash flow potential. Additionally, about 58% of homes are renter-occupied, highlighting the vibrancy of the rental market in this city.
7.5%
Avg. ROI
6.8%
Rental Yield
5.5%
Cap Rate
$550/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Grand Ledge is approximately 6.8%, making it an attractive option for rental property investors.
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