Condo Investment Properties for Sale in Troy, MI
Listed for sale 1 day ago
$ 374,500
ROI
24.6
Cash Flow/m
506- 2 Bed
- 2 Bath
- 1731 sft
3251 Camden Dr, Troy, MI, 48084
$ 220,000
ROI
21.8Cash Flow/m
124- 2 Bed
- 1 Bath
- 1808 sft
3865 Old Creek Rd, Troy, MI, 48084
$ 319,000
ROI
20.1Cash Flow/m
34- 2 Bed
- 3 Bath
- 1398 sft
1528 Devon Ln, Troy, MI, 48084
$ 299,900
ROI
24.1Cash Flow/m
363- 3 Bed
- 3 Bath
- 2464 sft
3668 Old Creek Rd #1, Troy, MI, 48084
Why Invest in Troy, Michigan?
Investing in condos in Troy, MI offers a solid opportunity for real estate investors seeking stable rental income and steady appreciation. Troy's growing economy supports a rental yield of approximately 6%, with average cash flow favorable for multifamily investment. The area’s cap rate stands around 7%, showcasing its attractiveness compared to other Midwestern cities. Factors such as a robust renter-occupied rate and consistent property appreciation enhance condo investment potential in this city.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$450/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Troy is approximately 6%, making it a solid choice for investors seeking steady rental income.
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