Royal Oak Investment Analysis

Investment Property in Royal Oak, MI

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Royal Oak, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$374,776

Median

1,765

Avg/Sq.ft.
CASH ON CASH RETURN

3.00%

Traditional

1.00%

Airbnb
NUMBER OF PROPERTIES

604

Investment

215

Airbnb

139

Traditional

28%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

319

Number of homes sold

23

Median days on market

99%

Average sale-to-list price ratio

20%

Percentage of listings with price drops

604

Active listings count

452

New listings count

2.0

Months of supply

Royal Oak, MI Properties Rental Prices

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Investment Properties for Sale in Royal Oak, MI

Investment Properties for Sale
$235,000
MLS 20261042179
Royal Oak
Other
4 beds 1 baths 978 sq.ft.
CAP RATE Trad. 4.37% Airbnb 6.66%
Investment Properties for Sale
$130,000
MLS 20261045482
Royal Oak
Condo/Coop
1 beds 1 baths 624 sq.ft.
CAP RATE Trad. 5.92% Airbnb 4.46%
Investment Properties for Sale
$110,000
MLS 20261049247
Royal Oak
Condo/Coop
2 beds 1 baths 812 sq.ft.
CAP RATE Trad. 8.24% Airbnb 4.44%
Investment Properties for Sale
$67,900
MLS 26019311
Royal Oak
Other
1 beds 1 baths 39,480 sq.ft.
CAP RATE Trad. 8.67% Airbnb 4.39%
Investment Properties for Sale
$114,900
MLS 20261041891
Royal Oak
Condo/Coop
1 beds 1 baths 693 sq.ft.
CAP RATE Trad. 5.92% Airbnb 4.22%
Investment Properties for Sale
$84,900
MLS 50207947
Royal Oak
Condo/Coop
1 beds 1 baths 613 sq.ft.
CAP RATE Trad. 5.63% Airbnb 3.86%
Investment Properties for Sale
$329,000
MLS 26033411
Royal Oak
Other
4 beds N/A baths 1,412 sq.ft.
CAP RATE Trad. 3.75% Airbnb 3.69%
Investment Properties for Sale
$230,000
MLS 20261052944
Royal Oak
Other
3 beds 1 baths 1,150 sq.ft.
CAP RATE Trad. 5.19% Airbnb 3.38%

Single Family Houses for Sale in Royal Oak, MI

Investment Properties for Sale
$384,900
MLS 20261050311
Royal Oak
Single Family Residential
4 beds 2 baths 1,200 sq.ft.
CAP RATE Trad. 1.86% Airbnb 3.08%
Investment Properties for Sale
$260,000
MLS 20261022767
Royal Oak
Single Family Residential
3 beds 1 baths 958 sq.ft.
CAP RATE Trad. 4.04% Airbnb 2.59%
Investment Properties for Sale
$475,000
MLS 20261026180
Royal Oak
Single Family Residential
4 beds 3 baths 1,150 sq.ft.
CAP RATE Trad. 2.99% Airbnb 2.54%
Investment Properties for Sale
$275,000
MLS 20261048804
Royal Oak
Single Family Residential
3 beds 1 baths 1,069 sq.ft.
CAP RATE Trad. 6.64% Airbnb 2.56%
Investment Properties for Sale
$259,900
MLS 20261027186
Royal Oak
Single Family Residential
3 beds 1 baths 931 sq.ft.
CAP RATE Trad. 3.53% Airbnb 2.54%
Investment Properties for Sale
$465,000
MLS 26029747
Royal Oak
Single Family Residential
4 beds 2 baths 1,693 sq.ft.
CAP RATE Trad. 3.00% Airbnb 2.50%
Investment Properties for Sale
$325,000
MLS 26017222
Royal Oak
Single Family Residential
3 beds 2 baths 1,861 sq.ft.
CAP RATE Trad. 5.87% Airbnb 1.67%
Investment Properties for Sale
$290,000
MLS 20261043000
Royal Oak
Single Family Residential
3 beds 2 baths 1,075 sq.ft.
CAP RATE Trad. 4.31% Airbnb 1.64%

Condos for Sale in Royal Oak, MI

Investment Properties for Sale
$130,000
MLS 20261045482
Royal Oak
Condo/Coop
1 beds 1 baths 624 sq.ft.
CAP RATE Trad. 5.92% Airbnb 4.46%
Investment Properties for Sale
$110,000
MLS 20261049247
Royal Oak
Condo/Coop
2 beds 1 baths 812 sq.ft.
CAP RATE Trad. 8.24% Airbnb 4.44%
Investment Properties for Sale
$114,900
MLS 20261041891
Royal Oak
Condo/Coop
1 beds 1 baths 693 sq.ft.
CAP RATE Trad. 5.92% Airbnb 4.22%
Investment Properties for Sale
$84,900
MLS 50207947
Royal Oak
Condo/Coop
1 beds 1 baths 613 sq.ft.
CAP RATE Trad. 5.63% Airbnb 3.86%
Investment Properties for Sale
$138,000
MLS 26027513
Royal Oak
Condo/Coop
1 beds 1 baths 740 sq.ft.
CAP RATE Trad. 5.20% Airbnb 3.00%
Investment Properties for Sale
$185,000
MLS 20261052317
Royal Oak
Condo/Coop
2 beds 1 baths 816 sq.ft.
CAP RATE Trad. 5.11% Airbnb 2.67%
Investment Properties for Sale
$67,900
MLS 20261016019
Royal Oak
Condo/Coop
1 beds 1 baths 545 sq.ft.
CAP RATE Trad. 4.28% Airbnb 2.66%
Investment Properties for Sale
$214,999
MLS 20261035123
Royal Oak
Condo/Coop
2 beds 1 baths 916 sq.ft.
CAP RATE Trad. 3.83% Airbnb 1.88%

Townhouses for Sale in Royal Oak, MI

Investment Properties for Sale
$189,900
MLS 20261035388
Royal Oak
Townhouse
2 beds 1 baths 976 sq.ft.
CAP RATE Trad. 4.35% Airbnb 1.75%
Investment Properties for Sale
$179,900
MLS 20261042164
Royal Oak
Townhouse
2 beds 1 baths 814 sq.ft.
CAP RATE Trad. 4.04% Airbnb 1.45%
Investment Properties for Sale
$235,000
MLS 20261043416
Royal Oak
Townhouse
2 beds 2 baths 1,286 sq.ft.
CAP RATE Trad. 5.62% Airbnb 1.22%
Investment Properties for Sale
$435,000
MLS 20261043497
Royal Oak
Townhouse
3 beds 2 baths 1,634 sq.ft.
CAP RATE Trad. 2.73% Airbnb 0.31%
Investment Properties for Sale
$375,000
MLS 20261041372
Royal Oak
Townhouse
3 beds 3 baths 1,500 sq.ft.
CAP RATE Trad. 3.87% Airbnb 0.30%
Investment Properties for Sale
$287,000
Royal Oak
Townhouse
2 beds 2 baths N/A sq.ft.
CAP RATE Trad. 4.77% Airbnb 0.08%
Investment Properties for Sale
$425,000
MLS 20261047791
Royal Oak
Townhouse
3 beds 3 baths 1,615 sq.ft.
CAP RATE Trad. 2.81% Airbnb 0.06%
Investment Properties for Sale
$324,900
MLS 20261023015
Royal Oak
Townhouse
2 beds 2 baths 783 sq.ft.
CAP RATE Trad. 1.87% Airbnb -0.30

Top Royal Oak, MI Neighborhoods - Real Estate Market Analysis

Royal Oak
PROPERTY PRICE

$371,000

Median for city
CAP RATE

3.72%

Traditional

3.75%

Airbnb
RENTAL INCOME

$ 1,656

Traditional

$ 2,364

Airbnb

50%

Airbnb occupancy rate

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Short Term Rentals For Sale

Airbnb Vacation Rentals in Royal Oak, MI

NEWLY RENOVATED. Minutes from DWTN Royal Oak!
$148 per night Airbnb occupancy rate 42%
House 3 · 2 · 6
Rental Income: $1,875 per month
4.94
390
Detached Private Bedroom
$83 per night Airbnb occupancy rate 41%
Guest suite 1 · 0 · 2
Rental Income: $1,031 per month
4.96
365
Hygge House - 5min walk to Energetic DT RO
$119 per night Airbnb occupancy rate 60%
Apartment 1 · 1 · 4
Rental Income: $2,182 per month
4.97
351
Lulus Place: Modern Farmhouse
$154 per night Airbnb occupancy rate 34%
House 2 · 1 · 8
Rental Income: $1,604 per month
4.92
289
♥️ of
$295 per night Airbnb occupancy rate 15%
House 2 · 1 · 6
Rental Income: $1,328 per month
4.81
272
*Zen* Entire King suite w rooftop spa, @MicroLux
$190 per night Airbnb occupancy rate 22%
Condominium 2 · 1 · 4
Rental Income: $1,283 per month
4.88
248
Incredible Updated Royal Oak Townhouse
$170 per night Airbnb occupancy rate 41%
Townhouse 2 · 0 · 4
Rental Income: $2,113 per month
4.89
230
Modern Mid-Century in Downtown Royal Oak!
$201 per night Airbnb occupancy rate 35%
Entire bungalow 2 · 1 · 4
Rental Income: $2,161 per month
4.97
229

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
Lincoln Park $168,000 6% 3% $1,397 $1,404 107 29%
Garden City $229,000 5% 1% $1,527 $1,134 105 21%
View all michigan cities

Vacation Rentals for Sale in michigan

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