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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Mc Millan, MI
Rental Income
$ 199,900
ROI
31.8
Cash Flow/m
671- 3 Bed
- 2 Bath
- 1500 sft
Unit 24 Pine Bluff Co Rd #N10140-135, Mc Millan, MI, 49853
Rental Income
$ 379,900
ROI
26.6Cash Flow/m
726- 6 Bed
- 4 Bath
- 3000 sft
23&24 Pine Bluff N Co Rd #10140-135, Mc Millan, MI, 49853
or
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Why Invest in Mc Millan, Michigan?
Investing in condo properties in Mc Millan, MI offers a unique opportunity to capitalize on the growing rental market with an average rental yield of 6.5%. Condos in this area showcase a solid average ROI of 7.2%, complemented by a cap rate of 5.8%. Average cash flow remains positive, supported by increasing renter occupancy rates currently near 55%. Appreciation rates are stable, making Mc Millan condos an attractive option for investors seeking consistent returns.
7.2%
Avg. ROI
6.5%
Rental Yield
5.8%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
Average rental yields for condos in Mc Millan, MI are approximately 6.5%, indicating a healthy return on investment compared to regional averages.
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