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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 today
$ 219,900
ROI
28.6
Cash Flow/m
539- 2 Bed
- 2 Bath
- 1245 sft
1813 Torquay Ave #7, 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 today
$ 299,900
ROI
23.9Cash Flow/m
342- 3 Bed
- 1 Bath
- 1184 sft
1411 Amelia 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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