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 3 days ago
$ 210,000
ROI
27.2
Cash Flow/m
437- 3 Bed
- 2 Bath
- 1440 sft
36702 Park Place Dr, Sterling Heights, MI, 48310
$ 240,000
ROI
25.8Cash Flow/m
402- 2 Bed
- 2 Bath
- 1609 sft
5609 Acorn Ln, Sterling Heights, MI, 48314
$ 324,900
ROI
21.2Cash Flow/m
134- 2 Bed
- 4 Bath
- 2698 sft
5823 Ortman Dr, Sterling Heights, MI, 48314
$ 219,900
ROI
26.8Cash Flow/m
428- 2 Bed
- 2 Bath
- 1154 sft
13343 Forest Ridge Blvd, 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
