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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Niles, MI

$ 289,000
ROI
26.6
Cash Flow/m
555- 1 Bed
- 2 Bath
- 1007 sft
135 Lexington Pointe Dr #8, Niles, MI, 49120

$ 275,000
ROI
24.1
Cash Flow/m
334- 1 Bed
- 1 Bath
- 900 sft
139 Lexington Pointe Dr #6, Niles, MI, 49120

$ 312,000
ROI
27.8
Cash Flow/m
701- 2 Bed
- 2 Bath
- 1200 sft
137 Lexington Pointe Dr #7, Niles, MI, 49120

$ 330,000
ROI
23.1
Cash Flow/m
311- 2 Bed
- 2 Bath
- 1200 sft
134 Lexington Pointe Dr, Niles, MI, 49120
Why Invest in Niles, Michigan?
Investing in condos in Niles, MI offers a growing real estate market with solid rental demand. With an average rental yield of 7%, investors seeking condo properties can benefit from stable cash flow and an average ROI of 6%. The cap rate remains attractive at 5%, reflecting healthy profitability in the region. Appreciation rates near 3% along with a renter-occupied rate of around 52% indicate a balanced market perfect for long-term gains. Government data shows steady economic growth supporting real estate investments in this area.
6%
Avg. ROI
7%
Rental Yield
5%
Cap Rate
$800/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condo investments in Niles is approximately 7%, providing a solid return for investors.
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