Condo Investment Properties in Richmond, 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 Richmond, MI

Property at 36796 Lakeview Ln, Richmond, MI
$ 164,000
ROI
27.6ROI percentage
Cash Flow/m
Dollar sign357
  • 2 Bed
  • 2 Bath
  • 1035 sft
36796 Lakeview Ln, Richmond, MI, 48062
Property at 34896 Partridge Xing, Richmond, MI
$ 274,900
ROI
21.4ROI percentage
Cash Flow/m
Dollar sign126
  • 2 Bed
  • 3 Bath
  • 1451 sft
34896 Partridge Xing, Richmond, MI, 48062
Property at 34904 Chickadee Rdg, Richmond, MI
Currently Rented
$ 274,900
ROI
22.1ROI percentage
Cash Flow/m
Dollar sign183
  • 2 Bed
  • 2 Bath
  • 2801 sft
34904 Chickadee Rdg, Richmond, MI, 48062
Property at 68260 Rosewood Ln, Richmond, MI
$ 228,000
ROI
22.6ROI percentage
Cash Flow/m
Dollar sign180
  • 2 Bed
  • 2 Bath
  • 2024 sft
68260 Rosewood Ln, Richmond, MI, 48062

Why Invest in Richmond, Michigan?

Richmond, MI offers promising opportunities for investors interested in condos. With a healthy rental yield and steady appreciation, condos here provide a reliable income stream. The average ROI is appealing, supported by a growing renter-occupied population and moderate cap rates. Economic stability is bolstered by several key employers, while housing demand continues to rise, indicating strong future growth potential.

7%
Avg. ROI
6.2%
Rental Yield
5.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3.5%
1Y Appreciation

Frequently Asked Questions

The average rental yield for condos in Richmond, MI is approximately 6.2%, which is competitive within the region and attractive for investors seeking steady cash flow.

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