Condo Investment Properties for Sale in Westland, MI
Listed for sale 4 days ago
$ 260,000
ROI
23.6
Cash Flow/m
277- 3 Bed
- 2 Bath
- 1456 sft
38549 Chestnut Ln #56, Westland, MI, 48185
Listed for sale 6 days ago
$ 224,900
ROI
23.5Cash Flow/m
238- 2 Bed
- 2 Bath
- 1238 sft
105 Farmington Rd, Westland, MI, 48186
$ 200,000
ROI
25.9Cash Flow/m
339- 2 Bed
- 2 Bath
- 1211 sft
276 Marigold Cir #18, Westland, MI, 48185
$ 230,000
ROI
21.2Cash Flow/m
93- 2 Bed
- 2 Bath
- 1116 sft
7943 Rivergate Dr, 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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