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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 2 days ago
$ 242,500
ROI
25.8
Cash Flow/m
410- 2 Bed
- 2 Bath
- 1378 sft
13229 Highland Cir, Sterling Heights, MI, 48312
Listed for sale 3 days ago
$ 330,000
ROI
19.9Cash Flow/m
9- 2 Bed
- 2 Bath
- 1506 sft
44138 Kendyl Dr, Sterling Heights, MI, 48314
$ 130,000
ROI
24.5Cash Flow/m
171- 1 Bed
- 1 Bath
- 1392 sft
8401 Eighteen Mile Rd #186, Sterling Heights, MI, 48313
$ 319,900
ROI
23.0Cash Flow/m
285- 2 Bed
- 2 Bath
- 2193 sft
5477 Victory Cir, Sterling Heights, MI, 48310
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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