Multi Family Investment Properties for Sale in Royal Oak, MI
$ 479,900
ROI
27.5
Cash Flow/m
1035- 4 Bed
- 2 Bath
- 1863 sft
816-818 E 5th St, Royal Oak, MI, 48067
Currently Rented
$ 610,000
ROI
21.1Cash Flow/m
177- 4 Bed
- 2 Bath
- 2200 sft
205-207 S Pleasant St, Royal Oak, MI, 48067
Rental Income
$ 389,900
ROI
29.6Cash Flow/m
1065- 5 Bed
- 3 Bath
- 2111 sft
307 S Laurel St, Royal Oak, MI, 48067
Rental Income
$ 295,000
ROI
27.6Cash Flow/m
643- 3 Bed
- 2 Bath
- 1396 sft
306 N Kenwood Ave, Royal Oak, MI, 48067
Why Invest in Royal Oak, Michigan?
Investing in multifamily properties in Royal Oak, MI offers a promising opportunity for real estate investors. With a steady rental demand and attractive rental yields averaging around 6%, this city presents a favorable environment for growth. Investors can expect an average cash flow of $1,200 per month and a cap rate of approximately 7.5%. The appreciation rate is around 4%, reflecting the city's increasing popularity among renters.
12%
Avg. ROI
6%
Rental Yield
7.5%
Cap Rate
$1200/mo
Avg. Cash Flow
$2000/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rent for multifamily units in Royal Oak is approximately $2,000 per month, reflecting the city's desirable location and amenities.
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