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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
$ 150,000
ROI
23.2
Cash Flow/m
144- 2 Bed
- 2 Bath
- 984 sft
37102 Aberdeen Dr APT 10, Sterling Heights, MI, 48312
Listed for sale 2 days ago
$ 369,000
ROI
25.1Cash Flow/m
544- 2 Bed
- 2 Bath
- 3038 sft
40135 Streamwood Ct, Sterling Heights, MI, 48310
Listed for sale 5 days ago
$ 254,999
ROI
24.2Cash Flow/m
317- 2 Bed
- 2 Bath
- 1346 sft
8568 Heywood Cir, Sterling Heights, MI, 48312
Listed for sale 7 days ago
$ 164,900
ROI
22.8Cash Flow/m
141- 2 Bed
- 2 Bath
- 1768 sft
8401 Eighteen Mile Rd #112, 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.
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