Condo Investment Properties in Novi, MI | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Condo Investment Properties for Sale in Novi, MI

Property at 27971 Middleton Dr, Novi, MI
Listed for sale 4 days ago
$ 369,000
ROI
21.4ROI percentage
Cash Flow/m
Dollar sign172
  • 3 Bed
  • 3 Bath
  • 1520 sft
27971 Middleton Dr, Novi, MI, 48377
Property at 39478 Country Ln, Novi, MI
$ 274,900
ROI
25.3ROI percentage
Cash Flow/m
Dollar sign420
  • 2 Bed
  • 3 Bath
  • 1872 sft
39478 Country Ln, Novi, MI, 48375
Property at 22886 Talford St, Novi, MI
Motivated Seller
$ 199,900
ROI
20.2ROI percentage
Cash Flow/m
Dollar sign26
  • 2 Bed
  • 1 Bath
  • 875 sft
22886 Talford St, Novi, MI, 48375
Property at 24585 Edgewood Dr, Novi, MI
$ 505,000
ROI
22.1ROI percentage
Cash Flow/m
Dollar sign285
  • 4 Bed
  • 3 Bath
  • 3134 sft
24585 Edgewood Dr, Novi, MI, 48374

Why Invest in Novi, Michigan?

Investing in condos in Novi, MI offers a promising opportunity for real estate investors focusing on growing suburban markets. The average rental yield of 7% and a cap rate of 5.5% reflect a healthy income stream. Novi's average ROI for condos stands at 6.8%, supported by a stable renter-occupied rate of 58%. With appreciation rates around 3% annually, condos in this city provide solid cash flow potential amid steady population growth.

6.8%
Avg. ROI
7%
Rental Yield
5.5%
Cap Rate
$600/mo
Avg. Cash Flow
$1400/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

The average rental yield for condos in Novi is approximately 7%, making it a solid choice for income-focused real estate investors.

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