Condo Investment Properties for Sale in Richmond, MI
$ 249,900
ROI
25.8
Cash Flow/m
420- 2 Bed
- 2 Bath
- 2186 sft
34899 Pheasant Rdg, Richmond, MI, 48062
$ 270,000
ROI
23.7Cash Flow/m
295- 2 Bed
- 4 Bath
- 2451 sft
34992 Mourning Dove Ln, Richmond, MI, 48062
$ 254,900
ROI
25.8Cash Flow/m
428- 2 Bed
- 3 Bath
- 2301 sft
34994 Swan Creek Blvd, Richmond, MI, 48062
$ 275,000
ROI
22.4Cash Flow/m
203- 2 Bed
- 3 Bath
- 2550 sft
34958 Meadowlark 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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