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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Monroe, MI
$ 209,900
ROI
22.1
Cash Flow/m
137- 2 Bed
- 2 Bath
- 1176 sft
921 May Dr, Monroe, MI, 48161
$ 225,000
ROI
21.8Cash Flow/m
128- 2 Bed
- 2 Bath
- 980 sft
5203 Volterra Dr #13, Monroe, MI, 48161
$ 225,000
ROI
22.8Cash Flow/m
192- 2 Bed
- 2 Bath
- 980 sft
5203 Volterra Dr, Monroe, MI, 48161
$ 207,900
ROI
20.6Cash Flow/m
47- 2 Bed
- 2 Bath
- 986 sft
5270 Sprucewood Dr #14, Monroe, MI, 48161
Why Invest in Monroe, Michigan?
Investing in Monroe, MI condos offers a unique opportunity for stable returns in a growing market. With an average cap rate of 7.2% and rental yields around 9%, condos here provide strong cash flow potential. The area benefits from a 3.5% annual appreciation rate and a renter occupancy rate of 68%, making it attractive for long-term investors. Demand for condo rentals is driven by local economic growth and affordable living costs that appeal to young professionals and retirees alike.
8%
Avg. ROI
9%
Rental Yield
7.2%
Cap Rate
$850/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Monroe is approximately 9%, making it an attractive rental investment option.
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