Condo Investment Properties in Shelby, 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 Shelby, MI

Property at 251 Stonecrest Dr, Shelby, MI
$ 214,900
ROI
19.9ROI percentage
Cash Flow/m
Dollar sign11
  • 3 Bed
  • 2 Bath
  • 1136 sft
251 Stonecrest Dr, Shelby, MI, 49455
Property at 193 Devonwood Dr, Shelby, MI
$ 215,000
ROI
21.8ROI percentage
Cash Flow/m
Dollar sign119
  • 2 Bed
  • 2 Bath
  • 1142 sft
193 Devonwood Dr, Shelby, MI, 49455
Property at 269 Aspen Hill Dr, Shelby, MI
$ 224,000
ROI
20.4ROI percentage
Cash Flow/m
Dollar sign42
  • 3 Bed
  • 2 Bath
  • 1446 sft
269 Aspen Hill Dr, Shelby, MI, 49455
Property at 194 Devonwood Dr, Shelby, MI
$ 259,900
ROI
21.1ROI percentage
Cash Flow/m
Dollar sign94
  • 3 Bed
  • 4 Bath
  • 2122 sft
194 Devonwood Dr, Shelby, MI, 49455

Why Invest in Shelby, Michigan?

Investing in condos in Shelby, MI offers an attractive opportunity with its steady rental demand and competitive cap rates. The average rental yield for condos here ranges around 7%, driven by a stable renter-occupied population near 60%. Appreciation in property values has averaged about 2.5% annually, while the average ROI for condo investors remains strong. Shelby's rental market benefits from consistent cash flow and average rents around $1,200 per month, providing a balanced risk-reward profile.

6.5%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
2.5%
1Y Appreciation

Frequently Asked Questions

The average rental yield for condos in Shelby is approximately 7%, reflecting strong rental demand and market stability.

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