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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in South Haven, MI
$ 799,000
ROI
25.1
Cash Flow/m
1098- 3 Bed
- 4 Bath
- 3171 sft
511 Phoenix St #2, South Haven, MI, 49090
Rental Income
$ 381,000
ROI
24.8Cash Flow/m
535- 3 Bed
- 3 Bath
- 1488 sft
908 Indiana Ave #11, South Haven, MI, 49090
Rental Income
$ 371,900
ROI
20.4Cash Flow/m
68- 3 Bed
- 3 Bath
- 1488 sft
226 Elkenburg St #9, South Haven, MI, 49090
Rental Income
$ 350,000
ROI
21.9Cash Flow/m
212- 3 Bed
- 3 Bath
- 1515 sft
216 Elkenburg St #4, South Haven, MI, 49090
Why Invest in South Haven, Michigan?
Investing in condos in South Haven, MI offers promising returns for real estate investors seeking seasonal and year-round rental opportunities. The area's average ROI reaches around 7%, supported by a strong 6% rental yield and steady appreciation rates near 3% annually. South Haven attracts vacationers and residents due to its lakeside charm and growing economy, enhancing rental demand and occupancy rates. Cap rates around 5.5% and positive cash flow averages make condos a viable investment choice in this scenic Michigan city.
7%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$1200/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in South Haven is around 6%, reflecting strong demand driven by seasonal and year-round renters.
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