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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Petoskey, MI
$ 299,900
ROI
24.3
Cash Flow/m
380- 2 Bed
- 3 Bath
- 1000 sft
2425 Harbor Petoskey Rd, Petoskey, MI, 49770
$ 225,000
ROI
23.3Cash Flow/m
224- 2 Bed
- 2 Bath
- 1050 sft
2043 Woods Ln, Petoskey, MI, 49770
$ 229,000
ROI
20.3Cash Flow/m
31- 2 Bed
- 2 Bath
- 1050 sft
2035 Woods Ln, Petoskey, MI, 49770
$ 279,000
ROI
20.7Cash Flow/m
73- 1 Bed
- 1 Bath
- 553 sft
725 Harbor Watch Dr, 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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