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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Petoskey, MI
Listed for sale 1 day ago
$ 209,000
ROI
21.3
Cash Flow/m
90- - Bed
- 1 Bath
- 158 sft
790 Front #3, Petoskey, MI, 49770
Rental Income
$ 299,000
ROI
25.0Cash Flow/m
432- 2 Bed
- 2 Bath
- 1350 sft
833 Hayner Dr #C, Petoskey, MI, 49770
$ 349,000
ROI
22.0Cash Flow/m
221- 2 Bed
- 2 Bath
- 1116 sft
1477 Castle Dr, Petoskey, MI, 49770
$ 272,500
ROI
29.6Cash Flow/m
748- 2 Bed
- 2 Bath
- 1100 sft
700 Hillside Dr APT 26, Petoskey, MI, 49770
Why Invest in Petoskey, Michigan?
Investing in condos in Petoskey, MI offers a unique opportunity in a growing market with solid rental demand. With an average rental yield of 6.2%, investors benefit from steady cash flow and an average ROI near 7%. The area shows promising appreciation trends around 3.8% annually and a cap rate of approximately 5.5%, underlining its investment stability. The renter-occupied rate sits at about 52%, reflecting healthy tenant interest and potential for consistent occupancy.
7%
Avg. ROI
6.2%
Rental Yield
5.5%
Cap Rate
$1200/mo
Avg. Cash Flow
$1150/mo
Avg. Rent
3.8%
1Y Appreciation
Frequently Asked Questions
Condos in Petoskey typically offer a rental yield around 6.2%, making them an attractive investment for steady income.
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