Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Sterling Heights, MI
Listed for sale 1 day ago
$ 215,000
ROI
21.7
Cash Flow/m
115- 2 Bed
- 2 Bath
- 1917 sft
8224 Clay Ct #11, Sterling Heights, MI, 48313
Listed for sale 3 days ago
$ 199,900
ROI
23.6Cash Flow/m
215- 3 Bed
- 2 Bath
- 1200 sft
35304 Tall Oaks Dr, Sterling Heights, MI, 48312
$ 227,500
ROI
27.3Cash Flow/m
476- 2 Bed
- 2 Bath
- 2459 sft
34384 Manor Run Cir, Sterling Heights, MI, 48312
Currently Rented
Rental Income
$ 239,999
ROI
22.1Cash Flow/m
158- 2 Bed
- 2 Bath
- 1250 sft
44075 Elm Dr, Sterling Heights, MI, 48313
Why Invest in Sterling Heights, Michigan?
Sterling Heights, MI offers strong potential for condo investors seeking steady rental income in a suburban Detroit market. With a competitive housing environment and projected appreciation around 6-8%, condos here deliver reliable cash flow. Average rents support solid yields amid stable employment from major auto manufacturers. Low vacancy supports consistent occupancy for multifamily units like condos. Investor metrics highlight cap rates near 6% with moderate ROI opportunities.
7.2%
Avg. ROI
5.8%
Rental Yield
6.1%
Cap Rate
$420/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
6.5%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer solid rental yields around 5-6% with low maintenance via associations. Stable employment supports occupancy. Appreciation tracks Metro Detroit's 6-8% forecast.
Find Your Perfect Investment Property in Sterling Heights, Michigan
Explore investment opportunities by strategy, performance, or property type
