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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Westland, MI
Listed for sale 5 days ago
$ 162,900
ROI
23.2
Cash Flow/m
156- 2 Bed
- 2 Bath
- 1056 sft
38351 Warner Farms Dr S, Westland, MI, 48185
$ 305,000
ROI
25.4Cash Flow/m
476- 3 Bed
- 3 Bath
- 1869 sft
29885 Lacy Dr, Westland, MI, 48186
$ 179,500
ROI
20.0Cash Flow/m
14- 2 Bed
- 2 Bath
- 1284 sft
37543 Colonial Dr #124, Westland, MI, 48185
$ 199,900
ROI
27.3Cash Flow/m
419- 2 Bed
- 2 Bath
- 1164 sft
35815 Hunter Ave, Westland, MI, 48185
Why Invest in Westland, Michigan?
Investing in condos in Westland, MI offers a solid opportunity for steady rental income and capital appreciation. The city's average ROI for condo investments hovers around 7%, supported by a rental yield near 6%. Favorable cap rates around 5.5% and average cash flow of $700 per month bolster the appeal for investors. Westland benefits from a stable renter-occupied rate of 48%, reflecting healthy demand. Appreciation in property values is steady at about 3% annually, making it an attractive market for real estate investors targeting condos.
7%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$700/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Westland is about 6%, which provides a solid return relative to regional markets.
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