Oak Park Investment Analysis

Investment Property in Oak Park, MI

Oak Park, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 220,000

Median

1,230

Avg/Sq.ft.
CASH ON CASH RETURN

5.00%

Traditional

7.00%

Airbnb
NUMBER OF PROPERTIES

39

Investment

582

Airbnb

35

Traditional

55%

Airbnb occupancy rate

Oak Park, MI Properties Rental Prices

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Investment Properties for Sale in Oak Park, MI

Investment Properties for Sale
$125,000
Oak Park
Townhouse
2 beds 1 baths N/A sq.ft.
CAP RATE Trad. 7.76% Airbnb 10.38%
Investment Properties for Sale
$165,000
MLS 20230086266
Oak Park
Single Family Residential
3 beds 1 baths 960 sq.ft.
CAP RATE Trad. 5.44% Airbnb 10.18%
Investment Properties for Sale
$175,000
MLS 20240010735
Oak Park
Single Family Residential
3 beds 3 baths 1,348 sq.ft.
CAP RATE Trad. 9.94% Airbnb 9.83%
Investment Properties for Sale
$170,000
MLS 50135536
Oak Park
Single Family Residential
3 beds 2 baths 1,405 sq.ft.
CAP RATE Trad. 8.56% Airbnb 9.75%
Investment Properties for Sale
$174,900
MLS 20240003367
Oak Park
Single Family Residential
3 beds 1 baths 973 sq.ft.
CAP RATE Trad. 5.52% Airbnb 8.80%
Investment Properties for Sale
$195,000
MLS 20240011877
Oak Park
Single Family Residential
3 beds 2 baths 1,386 sq.ft.
CAP RATE Trad. 7.73% Airbnb 8.70%
Investment Properties for Sale
$199,000
MLS 20230048568
Oak Park
Single Family Residential
3 beds 2 baths 1,339 sq.ft.
CAP RATE Trad. 7.42% Airbnb 8.66%
Investment Properties for Sale
$205,000
MLS 20240009803
Oak Park
Single Family Residential
3 beds 3 baths 1,411 sq.ft.
CAP RATE Trad. 8.60% Airbnb 8.25%

Single Family Houses for Sale in Oak Park, MI

Investment Properties for Sale
$165,000
MLS 20230086266
Oak Park
Single Family Residential
3 beds 1 baths 960 sq.ft.
CAP RATE Trad. 5.44% Airbnb 10.18%
Investment Properties for Sale
$175,000
MLS 20240010735
Oak Park
Single Family Residential
3 beds 3 baths 1,348 sq.ft.
CAP RATE Trad. 9.94% Airbnb 9.83%
Investment Properties for Sale
$170,000
MLS 50135536
Oak Park
Single Family Residential
3 beds 2 baths 1,405 sq.ft.
CAP RATE Trad. 8.56% Airbnb 9.75%
Investment Properties for Sale
$174,900
MLS 20240003367
Oak Park
Single Family Residential
3 beds 1 baths 973 sq.ft.
CAP RATE Trad. 5.52% Airbnb 8.80%
Investment Properties for Sale
$195,000
MLS 20240011877
Oak Park
Single Family Residential
3 beds 2 baths 1,386 sq.ft.
CAP RATE Trad. 7.73% Airbnb 8.70%
Investment Properties for Sale
$199,000
MLS 20230048568
Oak Park
Single Family Residential
3 beds 2 baths 1,339 sq.ft.
CAP RATE Trad. 7.42% Airbnb 8.66%
Investment Properties for Sale
$205,000
MLS 20240009803
Oak Park
Single Family Residential
3 beds 3 baths 1,411 sq.ft.
CAP RATE Trad. 8.60% Airbnb 8.25%
Investment Properties for Sale
$180,000
MLS 20240000531
Oak Park
Single Family Residential
3 beds 1 baths 1,112 sq.ft.
CAP RATE Trad. 4.49% Airbnb 8.23%

Top Oak Park, MI Neighborhoods - Real Estate Market Analysis

Oak Park
PROPERTY PRICE

$219,900

Median for city
CAP RATE

4.86%

Traditional

1.38%

Airbnb
RENTAL INCOME

$ 1,292

Traditional

$ 2,182

Airbnb

37%

Airbnb occupancy rate

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Short Term Rentals For Sale

Airbnb Vacation Rentals in Oak Park, MI

Wonderful Downtown Ferndale Apt**Superb Location**
$75 per night Airbnb occupancy rate 89%
Apartment 1 · 1 · 2
Rental Income: $2,025 per month
5
634
3 Bed Cozy Home - Downtown Ferndale, MI
$89 per night Airbnb occupancy rate 68%
House 3 · 1 · 7
Rental Income: $1,847 per month
5
366
NEWLY RENOVATED. Minutes from DWTN Royal Oak!
$137 per night Airbnb occupancy rate 66%
House 3 · 2 · 6
Rental Income: $2,740 per month
5
310
Quaint House in Ferndale
$107 per night Airbnb occupancy rate 42%
House 3 · 1 · 12
Rental Income: $1,373 per month
5
309
Open Calendar! Country Chic Oasis w/bonfire pit
$122 per night Airbnb occupancy rate 57%
House 2 · 1 · 5
Rental Income: $2,125 per month
5
304
Super Cute&Cool Home with 65” New TV & 2 FullBaths
$156 per night Airbnb occupancy rate 68%
House 4 · 2 · 9
Rental Income: $3,224 per month
5
299
Beautiful Downtown Royal Oak Townhouse
$117 per night Airbnb occupancy rate 56%
Townhouse 2 · 1 · 4
Rental Income: $2,009 per month
5
297
Detached Private Bedroom
$70 per night Airbnb occupancy rate 59%
Guest suite 1 · 1 · 2
Rental Income: $1,266 per month
5
295

Real Estate Investment Analysis - Other Cities in michigan

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
Walled Lake $380,000 4% 6% $2,428 $3,433 49 69%
Wixom $494,950 4% 5% $2,671 $3,960 22 69%
Riverview $189,900 6% 11% $1,953 $2,939 11 66%
Newport $299,900 6% 5% $2,414 $2,726 15 66%
Farmington $297,450 3% 5% $1,608 $2,862 14 65%
Wyandotte $200,000 4% 5% $1,460 $1,833 27 64%
Trenton $189,900 4% 10% $1,383 $3,087 15 64%
Canton $406,250 3% 4% $2,527 $3,835 76 63%
Lincoln Park $149,950 7% 9% $1,405 $2,001 46 62%
Haslett $457,450 3% 4% $2,305 $3,296 16 60%
Milford $567,450 4% 4% $3,099 $4,249 38 59%
Okemos $449,900 3% 5% $2,341 $3,115 27 59%
Garden City $189,900 6% 6% $1,451 $2,011 25 58%
Highland $339,800 4% 8% $2,236 $4,079 17 56%
Clinton Township $269,900 4% 4% $1,883 $2,695 97 55%
Mount Clemens $210,000 5% 7% $1,425 $2,434 15 54%
Traverse City $459,000 3% 6% $2,401 $4,408 304 51%
Redford $237,350 5% 5% $1,660 $2,552 208 51%
Lake Orion $397,450 4% 6% $2,264 $3,452 44 51%
White Lake $399,900 4% 4% $2,483 $2,575 34 50%
View all michigan cities

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