Condo Investment Properties in Royal Oak, MI | Ziffy.ai
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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

Property at 350 N Main St, Royal Oak, MI
$ 365,000
ROI
20.9ROI percentage
Cash Flow/m
Dollar sign118
  • 2 Bed
  • 2 Bath
  • 1144 sft
350 N Main St, Royal Oak, MI, 48067
Property at 100 N Center St Unit 204, Royal Oak, MI
$ 399,000
ROI
24.6ROI percentage
Cash Flow/m
Dollar sign538
  • 2 Bed
  • 2 Bath
  • 1024 sft
100 N Center St Unit 204, Royal Oak, MI, 48067
Property at 100 W 5th St APT 611, Royal Oak, MI
$ 399,900
ROI
21.9ROI percentage
Cash Flow/m
Dollar sign239
  • 2 Bed
  • 2 Bath
  • 1201 sft
100 W 5th St APT 611, Royal Oak, MI, 48067
Property at 4345 Crooks Rd APT 36, Royal Oak, MI
$ 160,000
ROI
26.0ROI percentage
Cash Flow/m
Dollar sign279
  • 2 Bed
  • 1 Bath
  • 831 sft
4345 Crooks Rd APT 36, 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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