Condo Investment Properties for Sale in Romulus, MI
$ 259,900
ROI
23.0
Cash Flow/m
230- 2 Bed
- 2 Bath
- 1213 sft
32400 Gateway Dr #3, Romulus, MI, 48174
$ 225,000
ROI
29.7Cash Flow/m
621- 2 Bed
- 2 Bath
- 1224 sft
32103 Augusta Dr, Romulus, MI, 48174
$ 279,900
ROI
26.1Cash Flow/m
492- 2 Bed
- 2 Bath
- 1228 sft
31433 Augusta Dr #75, Romulus, MI, 48174
$ 195,000
ROI
19.8Cash Flow/m
4- 2 Bed
- 3 Bath
- 1507 sft
28937 Whitby Dr #2, Romulus, MI, 48174
Why Invest in Romulus, Michigan?
Investing in condos in Romulus, MI offers a unique opportunity to tap into a growing rental market near Detroit Metropolitan Airport. With average rental yields around 7% and competitive cap rates, condos here provide steady cash flow. The area boasts strong renter occupancy rates near 85% and stable appreciation trends, making it attractive for investors seeking balanced growth and income. Focused investment in this filter highlights affordability combined with proximity to major transport and employment hubs.
8%
Avg. ROI
7%
Rental Yield
6.5%
Cap Rate
$850/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Romulus is approximately 7%, reflecting a strong rental market and steady tenant demand.
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