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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Royal Oak, MI
Listed for sale 1 day ago
$ 415,000
ROI
22.7
Cash Flow/m
335- 2 Bed
- 2 Bath
- 968 sft
614 S Troy St Unit 102, Royal Oak, MI, 48067
$ 599,000
ROI
21.4Cash Flow/m
215- 2 Bed
- 2 Bath
- 1563 sft
432 S Washington Ave Unit 703, Royal Oak, MI, 48067
$ 279,900
ROI
24.3Cash Flow/m
355- 2 Bed
- 2 Bath
- 844 sft
333 E Parent Ave Unit 15, Royal Oak, MI, 48067
$ 284,900
ROI
26.0Cash Flow/m
494- 2 Bed
- 2 Bath
- 969 sft
333 E Parent Ave Unit 27, Royal Oak, MI, 48067
Why Invest in Royal Oak, Michigan?
Investing in condos in Royal Oak, MI, presents a unique opportunity due to the area's steady rental demand and increasing rental yields. With an average cash flow of $1,200 monthly, investors can benefit from a favorable cap rate of 6.5%, making it an attractive market for real estate investment. Additionally, property appreciation has been noted at 4% annually, highlighting the city's growing desirability.
10%
Avg. ROI
7%
Rental Yield
6.5%
Cap Rate
$1200/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rental price for condos in Royal Oak is approximately $1,800 per month, which reflects the growing demand in the area.
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