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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
$ 700,000
ROI
25.1
Cash Flow/m
960- 4 Bed
- 4 Bath
- 2204 sft
533 E Harrison 3, Royal Oak, MI, 48067
Listed for sale 6 days ago
$ 284,900
ROI
20.5Cash Flow/m
57- 2 Bed
- 2 Bath
- 904 sft
333 E Parent Ave Unit 28, Royal Oak, MI, 48067
$ 299,900
ROI
23.9Cash Flow/m
343- 2 Bed
- 2 Bath
- 908 sft
333 E Parent Ave Unit 22, Royal Oak, MI, 48067
$ 199,999
ROI
24.9Cash Flow/m
286- 2 Bed
- 2 Bath
- 1026 sft
2513 Samoset Rd, Royal Oak, MI, 48073
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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