Under $500K Investment Properties for Sale in Royal Oak, MI
Listed for sale 1 day ago
$ 379,000
ROI
22.9
Cash Flow/m
327- 3 Bed
- 2 Bath
- 1657 sft
836 Edgewood Dr, Royal Oak, MI, 48067
$ 399,999
ROI
24.6Cash Flow/m
542- 4 Bed
- 3 Bath
- 1975 sft
121 S Edison Ave, ROYAL OAK, MI, 48067
Listed for sale 1 day ago
$ 450,000
ROI
27.0Cash Flow/m
905- 3 Bed
- 3 Bath
- 2468 sft
424 W La Salle Ave, Royal Oak, MI, 48073
$ 459,000
ROI
25.5Cash Flow/m
736- 3 Bed
- 3 Bath
- 2180 sft
522 S Connecticut 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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