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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Royal Oak, MI
Listed for sale 3 days ago
$ 299,900
ROI
30.7
Cash Flow/m
914- 3 Bed
- 1 Bath
- 1680 sft
3015 N Vermont Ave, Royal Oak, MI, 48073
$ 257,000
ROI
27.5Cash Flow/m
556- 3 Bed
- 1 Bath
- 928 sft
300 S Edgeworth Ave, ROYAL OAK, MI, 48067
Listed for sale 4 days ago
$ 269,900
ROI
28.6Cash Flow/m
661- 3 Bed
- 1 Bath
- 1429 sft
4725 Elmwood Ave, Royal Oak, MI, 48073
$ 260,000
ROI
31.6Cash Flow/m
859- 3 Bed
- 2 Bath
- 1341 sft
632 S Wilson Ave, ROYAL OAK, MI, 48067
Why Invest in Royal Oak, Michigan?
Investing in Royal Oak, MI, offers opportunities for properties under $300,000, making it an attractive market for first-time investors. The city boasts a strong rental yield of around 7%, supported by a vibrant local economy and growing population. With a current average rent of $1,200 and an appreciation rate of 5%, investors can expect solid long-term returns.
9%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
The average rent in Royal Oak, MI is approximately $1,200, which reflects the demand for rental properties in this growing area.
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