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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Royal Oak, MI
Listed for sale 2 days ago
$ 319,999
ROI
23.4
Cash Flow/m
326- 3 Bed
- 2 Bath
- 1605 sft
614 Gardenia Ave, Royal Oak, MI, 48067
$ 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 2 days ago
$ 485,000
ROI
20.4Cash Flow/m
87- 2 Bed
- 2 Bath
- 1557 sft
432 S Washington Ave Unit 905, Royal Oak, MI, 48067
$ 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, provides an excellent opportunity, especially for properties under $500k. With an average rental yield of 6% and a cap rate hovering around 7%, this city is attractive for investors seeking solid returns. The average cash flow stands at $300 per month, while the appreciation rate shows a steady increase of 4%, making it lucrative for long-term growth.
10%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1400/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average price of homes in Royal Oak under $500k typically ranges between $300k and $500k, providing various options for first-time buyers and investors alike.
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