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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 5 days ago
$ 385,000
ROI
24.5
Cash Flow/m
512- 2 Bed
- 2 Bath
- 1314 sft
322 E Harrison Ave Unit 20, Royal Oak, MI, 48067
Listed for sale 6 days ago
$ 429,900
ROI
21.0Cash Flow/m
150- 2 Bed
- 2 Bath
- 1194 sft
100 N Center St, Royal Oak, MI, 48067
$ 799,000
ROI
25.3Cash Flow/m
1139- 3 Bed
- 4 Bath
- 2401 sft
111 N Main St Unit 306, Royal Oak, MI, 48067
$ 294,900
ROI
22.3Cash Flow/m
208- 2 Bed
- 2 Bath
- 904 sft
333 E Parent Ave Unit 34, 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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