Condo Investment Properties for Sale in Royal Oak, MI
$ 330,000
ROI
23.0
Cash Flow/m
296- 2 Bed
- 2 Bath
- 1125 sft
101 Curry Ave Unit 536, Royal Oak, MI, 48067
$ 369,500
ROI
24.4Cash Flow/m
476- 1 Bed
- 2 Bath
- 1004 sft
432 S Washington Ave Unit 806, Royal Oak, MI, 48067
$ 325,000
ROI
26.1Cash Flow/m
578- 2 Bed
- 2 Bath
- 1380 sft
1522 Maryland Club Dr, Royal Oak, MI, 48067
$ 220,000
ROI
20.4Cash Flow/m
39- 2 Bed
- 2 Bath
- 1622 sft
1757 Wickham St, 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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