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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Howell, MI
Fix & Flip
Motivated Seller
Listed for sale 4 days ago
$ 304,300
ROI
22.6
Cash Flow/m
244- 4 Bed
- 4 Bath
- 2691 sft
1219 Portsmouth Dr, Howell, MI, 48843
$ 314,900
ROI
24.1Cash Flow/m
378- 3 Bed
- 3 Bath
- 1803 sft
138 Newberry Ln, Howell, MI, 48843
$ 325,000
ROI
22.4Cash Flow/m
241- 2 Bed
- 2 Bath
- 1763 sft
9836 Ridge Run St, Howell, MI, 48855
$ 420,900
ROI
21.2Cash Flow/m
174- 3 Bed
- 3 Bath
- 1980 sft
2270 Chase Dr #112, Howell, MI, 48855
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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