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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Rockford, MI
$ 339,900
ROI
23.7
Cash Flow/m
370- 3 Bed
- 3 Bath
- 1511 sft
6919 Myers Lake Ave NE, Rockford, MI, 49341
$ 245,000
ROI
22.1Cash Flow/m
160- 3 Bed
- 3 Bath
- 1491 sft
7032 S Cannon Place Ln NE #28, Rockford, MI, 49341
$ 339,900
ROI
21.8Cash Flow/m
190- 3 Bed
- 3 Bath
- 1511 sft
6919 Myers Lake Ave NE #9, Rockford, MI, 49341
$ 240,000
ROI
22.6Cash Flow/m
193- 3 Bed
- 3 Bath
- 1491 sft
7030 Cannon Place Dr NE #27, Rockford, MI, 49341
Why Invest in Rockford, Michigan?
Investing in condos in Rockford, MI offers a promising opportunity with a stable rental market and reasonable property values. This location boasts an average ROI of 7.2% and a rental yield around 6%, making it attractive for income-focused investors. The cap rate is competitive at 5.5%, supported by steady appreciation rates near 3%. With an average monthly rent of $1,200 and positive cash flow potential, Rockford condos present a balanced market for long-term growth.
7.2%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$150/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Rockford is approximately 6%, reflecting solid income potential for investors.
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