Condo Investment Properties for Sale in Howell, MI
Listed for sale 1 day ago
$ 390,000
ROI
25.2
Cash Flow/m
587- 3 Bed
- 3 Bath
- 2335 sft
4784 New Haven Dr, Howell, MI, 48843
Listed for sale 3 days ago
$ 218,000
ROI
25.2Cash Flow/m
332- 2 Bed
- 1 Bath
- 1228 sft
4051 Hampton Ridge Blvd, Howell, MI, 48843
Listed for sale 5 days ago
$ 210,000
ROI
25.9Cash Flow/m
359- 2 Bed
- 2 Bath
- 1164 sft
1137 Curzon Ct APT 203, Howell, MI, 48843
Listed for sale 7 days ago
$ 215,000
ROI
25.2Cash Flow/m
328- 2 Bed
- 1 Bath
- 1228 sft
4046 Kirkway Ct, Howell, MI, 48843
Why Invest in Howell, Michigan?
Investing in condos in Howell, MI offers a strategic opportunity to capitalize on the city's steady rental demand and affordable entry price points. Howell's investment climate is supported by a cap rate averaging around 6.8%, a rental yield near 7.2%, and an average ROI of approximately 9%. With average rents around $1,200, investors can expect solid cash flow, enhanced by a renter-occupied rate near 52%. The city's appreciation rate of about 3.5% further enhances long-term investment potential.
9%
Avg. ROI
7.2%
Rental Yield
6.8%
Cap Rate
$550/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Howell is approximately 7.2%, making it a favorable market for rental income investors.
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