Condo Investment Properties in Waterford, MI | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Condo Investment Properties for Sale in Waterford, MI

Property at 3118 Megan Dr #13, Waterford, MI
Listed for sale 2 days ago
$ 205,300
ROI
20.5ROI percentage
Cash Flow/m
Dollar sign43
  • 2 Bed
  • 2 Bath
  • 1094 sft
3118 Megan Dr #13, Waterford, MI, 48328
Property at 3106 Bay Front Ct, Waterford, MI
$ 595,000
ROI
20.6ROI percentage
Cash Flow/m
Dollar sign89
  • 3 Bed
  • 4 Bath
  • 3292 sft
3106 Bay Front Ct, Waterford, MI, 48328
Property at 1018 Oak Pointe Dr #8, Waterford, MI
Fix & Flip
$ 165,000
ROI
20.0ROI percentage
Cash Flow/m
Dollar sign12
  • 2 Bed
  • 2 Bath
  • 1316 sft
1018 Oak Pointe Dr #8, Waterford, MI, 48327
Property at 3364 Loon Lake Ct, Waterford, MI
$ 304,900
ROI
25.7ROI percentage
Cash Flow/m
Dollar sign504
  • 2 Bed
  • 2 Bath
  • 1691 sft
3364 Loon Lake Ct, Waterford, MI, 48329

Why Invest in Waterford, Michigan?

Investing in **condos** in Waterford, MI offers strong potential for rental income and appreciation in this growing Detroit suburb. Home values have risen 3-5% annually, with median prices around $265K-$279K. Renter-occupied rates exceed 25%, supporting steady cash flow. Cap rates hover at 6-7%, bolstered by proximity to employment hubs. Moderate supply and competitive market favor long-term investors.

7.2%
Avg. ROI
6.1%
Rental Yield
6.5%
Cap Rate
$420/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
4.2%
1Y Appreciation

Frequently Asked Questions

Yes, condos offer solid rental yields around 6% and appreciation of 4% annually. Low vacancy and proximity to Detroit jobs support cash flow. Competitive market favors prepared investors.

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