Condo Investment Properties for Sale in New Era, MI
$ 109,900
ROI
23.5
Cash Flow/m
114- 1 Bed
- 1 Bath
- 758 sft
5900 S Water Rd #216, New Era, MI, 49446
$ 150,000
ROI
23.7Cash Flow/m
165- 1 Bed
- 1 Bath
- 758 sft
5900 S Water Rd Unit 113, New Era, MI, 49446
or
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Listed for sale 1 day ago
$ 100,000
ROI
-Cash Flow/m
-- 3 Bed
- 2 Bath
- 1200 sft
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Listed for sale 5 days ago
$ 100,000
ROI
24.4Cash Flow/m
129- 3 Bed
- 1 Bath
- 1210 sft
2504 N Smith St, Sanford, MI, 48657
Currently Rented
Rental Income
Section 8
$ 100,000
ROI
23.2Cash Flow/m
96- 3 Bed
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- 1589 sft
16532 Lauder St, Detroit, MI, 48235
$ 100,000
ROI
23.4Cash Flow/m
102- 3 Bed
- 2 Bath
- 1008 sft
680 Eugene St, Ypsilanti, MI, 48198
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$ 100,000
ROI
24.0Cash Flow/m
119- 2 Bed
- 1 Bath
- 1336 sft
23786 Cushing Ave, Eastpointe, MI, 48021
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Motivated Seller
$ 100,000
ROI
24.3Cash Flow/m
127- 3 Bed
- 1 Bath
- 860 sft
4409 Gertrude St, Dearborn Heights, MI, 48125
$ 100,000
ROI
24.3Cash Flow/m
128- 3 Bed
- 1 Bath
- 1043 sft
508 S Kiesel St, Bay City, MI, 48706
Fix & Flip
$ 100,000
ROI
24.2Cash Flow/m
125- 2 Bed
- 1 Bath
- 1100 sft
3185 Delaney St, Flint, MI, 48506
$ 100,000
ROI
23.5Cash Flow/m
104- 2 Bed
- 2 Bath
- 1064 sft
50197 Wedgewood Ct N #644, Utica, MI, 48315
$ 100,000
ROI
17.0Gross Rent Yield
9.1- 2 Bed
- 1 Bath
- 882 sft
12672 Elaine Dr, Southgate, MI, 48195
$ 100,000
ROI
-Cash Flow/m
-- 1 Bed
- 1 Bath
- 384 sft
33048 W North Rd, Eckerman, MI, 49728
$ 100,000
ROI
24.8Cash Flow/m
140- 3 Bed
- 2 Bath
- 1344 sft
5486 Spring Creek Dr, Howell, MI, 48843
$ 100,000
ROI
24.0Cash Flow/m
117- 4 Bed
- 2 Bath
- 1188 sft
3204 Weigl Rd, Saginaw, MI, 48609
$ 100,000
ROI
24.3Cash Flow/m
127- 2 Bed
- 1 Bath
- 1129 sft
317 Woodworth St, Corunna, MI, 48817
Airbnb Potential
$ 100,000
ROI
24.0Cash Flow/m
117- 3 Bed
- 1 Bath
- 1270 sft
321 Ely St, Alma, MI, 48801
Fix & Flip
Motivated Seller
$ 100,000
ROI
23.4Cash Flow/m
102- 3 Bed
- 1 Bath
- - sft
810 Snedeker Rd, Webberville, MI, 48892
Fix & Flip
$ 100,000
ROI
23.5Cash Flow/m
104- 3 Bed
- 1 Bath
- 960 sft
2671 Fish Lake Rd, Lapeer, MI, 48446
$ 100,000
ROI
8.9Gross Rent Yield
9.4- 3 Bed
- 2 Bath
- 1248 sft
1637 Candytuft Ct, Albion, MI, 49224
$ 100,000
ROI
9.5Gross Rent Yield
9.1- 1 Bed
- 1 Bath
- 707 sft
3001 Williamsburg Dr, Ann Arbor, MI, 48108
$ 100,000
ROI
23.1Cash Flow/m
94- 2 Bed
- 2 Bath
- 896 sft
18481 Twelve Mile Rd, Big Rapids, MI, 49307
$ 100,000
ROI
24.0Cash Flow/m
118- 3 Bed
- 2 Bath
- 1360 sft
69669 Gumwood Rd, Niles, MI, 49120
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$ 100,000
ROI
23.3Cash Flow/m
99- 2 Bed
- 1 Bath
- 804 sft
611 Beach St, Mount Morris, MI, 48458
$ 100,000
ROI
23.8Cash Flow/m
112- 2 Bed
- 1 Bath
- 780 sft
408 W Wheaton Ave, Clare, MI, 48617
$ 100,000
ROI
24.2Cash Flow/m
124- 2 Bed
- 1 Bath
- 660 sft
324 W Hudson Ave, Madison Heights, MI, 48071
Why Invest in New Era, Michigan?
Investing in condo properties in New Era, MI offers a unique opportunity for steady rental income and potential appreciation. The local market benefits from a 6% avg ROI and competitive 5.5% rental yield, appealing to investors focused on long-term growth. Cap rates hover around 6.5%, with average annual cash flow near $7,000 per unit. Average rents have shown steady growth, reflecting sustained demand from renter-occupied units exceeding 45%. This emerging Michigan city combines affordability with promising real estate fundamentals.
6%
Avg. ROI
5.5%
Rental Yield
6.5%
Cap Rate
$7000/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Condos in New Era typically yield an average ROI of about 6%, driven by stable rental income and moderate property appreciation.
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