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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Warren, MI
Listed for sale 1 day ago
$ 215,000
ROI
23.0
Cash Flow/m
194- 2 Bed
- 1 Bath
- 1471 sft
15151 La Grande Plz, Warren, MI, 48088
Listed for sale 4 days ago
$ 240,000
ROI
30.1Cash Flow/m
693- 2 Bed
- 2 Bath
- 1435 sft
29981 Foxrun Cir, Warren, MI, 48092
Fix & Flip
$ 120,000
ROI
24.3Cash Flow/m
153- 2 Bed
- 2 Bath
- 840 sft
28414 Queens Ct, Warren, MI, 48093
$ 179,900
ROI
22.4Cash Flow/m
132- 2 Bed
- 3 Bath
- 1880 sft
28306 Universal Dr, Warren, MI, 48092
Why Invest in Warren, Michigan?
Warren, MI offers strong opportunities for condo investors seeking steady cash flow and appreciation in a competitive market. Recent data shows home values up 13.3% year-over-year with median prices around $220K[1]. Rental yields average 6-7% supported by stable demand and low vacancy. Cap rates hover at 7-8% making condos attractive for passive income. Proximity to Detroit's job centers enhances long-term growth potential.
8.5%
Avg. ROI
6.8%
Rental Yield
7.2%
Cap Rate
$450/mo
Avg. Cash Flow
$1344/mo
Avg. Rent
5.4%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer solid rental yields around 6-7% and cap rates of 7-8% due to strong demand. Low vacancy and 5%+ appreciation make them reliable for cash flow. Proximity to jobs enhances tenant stability.
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