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

1,738

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 6.02%
Investment Properties for Sale
$119,900
MLS 61012178
Royal Oak
Condo/Coop
1 beds 1 baths 711 sq.ft.
CAP RATE Trad. 7.33% Airbnb 5.00%
Investment Properties for Sale
$99,500
MLS 61007354
Royal Oak
Condo/Coop
2 beds 1 baths 812 sq.ft.
CAP RATE Trad. 8.24% Airbnb 4.76%
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
$67,900
MLS 26019311
Royal Oak
Condo/Coop
1 beds 1 baths 39,480 sq.ft.
CAP RATE Trad. 8.67% Airbnb 4.39%
Investment Properties for Sale
$113,900
MLS 61000411
Royal Oak
Condo/Coop
1 beds 1 baths 693 sq.ft.
CAP RATE Trad. 5.98% Airbnb 4.27%
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
$150,000
MLS 60999482
Royal Oak
Condo/Coop
1 beds 1 baths 1,416 sq.ft.
CAP RATE Trad. 5.50% Airbnb 3.66%

Single Family Houses for Sale in Royal Oak, MI

Investment Properties for Sale
$170,000
MLS 1947984
Royal Oak
Single Family Residential
3 beds 1 baths 988 sq.ft.
CAP RATE Trad. 4.81% Airbnb 3.42%
Investment Properties for Sale
$215,000
MLS 61010464
Royal Oak
Single Family Residential
3 beds 1 baths 1,150 sq.ft.
CAP RATE Trad. 4.87% Airbnb 3.07%
Investment Properties for Sale
$399,000
MLS 61003084
Royal Oak
Single Family Residential
4 beds 2 baths 1,880 sq.ft.
CAP RATE Trad. 4.75% Airbnb 2.91%
Investment Properties for Sale
$399,999
MLS 61028443
Royal Oak
Single Family Residential
4 beds 2 baths 1,975 sq.ft.
CAP RATE Trad. 3.33% Airbnb 2.69%
Investment Properties for Sale
$380,000
MLS 61010444
Royal Oak
Single Family Residential
4 beds 1 baths 1,474 sq.ft.
CAP RATE Trad. 3.32% Airbnb 2.69%
Investment Properties for Sale
$384,900
MLS 61007616
Royal Oak
Single Family Residential
4 beds 1 baths 1,200 sq.ft.
CAP RATE Trad. 1.86% Airbnb 2.69%
Investment Properties for Sale
$369,000
MLS 61010174
Royal Oak
Single Family Residential
4 beds 1 baths 1,945 sq.ft.
CAP RATE Trad. 2.67% Airbnb 2.66%
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%

Multi Family Houses for sale in Royal Oak, MI

Investment Properties for Sale
$525,000
MLS 70522734
Royal Oak
Multi Family
4 beds N/A baths N/A sq.ft.
CAP RATE Trad. 1.67% Airbnb 2.91%
Investment Properties for Sale
$449,900
MLS 60995447
Royal Oak
Multi Family
N/A beds 3 baths 2,468 sq.ft.
CAP RATE Trad. 4.40% Airbnb 1.19%
Investment Properties for Sale
$414,900
MLS 60994549
Royal Oak
Multi Family
N/A beds 2 baths 2,027 sq.ft.
CAP RATE Trad. 3.03% Airbnb 1.18%
Investment Properties for Sale
$462,000
MLS 70554452
Royal Oak
Multi Family
4 beds N/A baths 1,868 sq.ft.
CAP RATE Trad. 2.69% Airbnb 0.94%

Condos for Sale in Royal Oak, MI

Investment Properties for Sale
$119,900
MLS 61012178
Royal Oak
Condo/Coop
1 beds 1 baths 711 sq.ft.
CAP RATE Trad. 7.33% Airbnb 5.00%
Investment Properties for Sale
$99,500
MLS 61007354
Royal Oak
Condo/Coop
2 beds 1 baths 812 sq.ft.
CAP RATE Trad. 8.24% Airbnb 4.76%
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
$67,900
MLS 26019311
Royal Oak
Condo/Coop
1 beds 1 baths 39,480 sq.ft.
CAP RATE Trad. 8.67% Airbnb 4.39%
Investment Properties for Sale
$113,900
MLS 61000411
Royal Oak
Condo/Coop
1 beds 1 baths 693 sq.ft.
CAP RATE Trad. 5.98% Airbnb 4.27%
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
$150,000
MLS 60999482
Royal Oak
Condo/Coop
1 beds 1 baths 1,416 sq.ft.
CAP RATE Trad. 5.50% Airbnb 3.66%
Investment Properties for Sale
$155,000
MLS 26036611
Royal Oak
Condo/Coop
2 beds 1 baths 733 sq.ft.
CAP RATE Trad. 5.97% Airbnb 3.54%

Townhouses for Sale in Royal Oak, MI

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 1.37%
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 0.20%
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
$425,000
MLS 20261053611
Royal Oak
Townhouse
3 beds 3 baths 1,520 sq.ft.
CAP RATE Trad. 2.67% 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 -0.19
Investment Properties for Sale
$375,000
MLS 20261038824
Royal Oak
Townhouse
3 beds 3 baths 1,837 sq.ft.
CAP RATE Trad. 3.25% Airbnb -0.64

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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Airbnb Vacation Rentals in Royal Oak, MI

NEWLY RENOVATED. Minutes from DWTN Royal Oak!
$150 per night Airbnb occupancy rate 48%
House 3 · 2 · 6
Rental Income: $2,188 per month
4.94
399
Detached Private Bedroom
$81 per night Airbnb occupancy rate 47%
Guest suite 1 · 1 · 2
Rental Income: $1,154 per month
4.96
372
Hygge House - 5min walk to Energetic DT RO
$125 per night Airbnb occupancy rate 54%
Apartment 1 · 1 · 2
Rental Income: $2,042 per month
4.97
358
Eevees Place: Modern Farmhouse
$174 per night Airbnb occupancy rate 26%
House 2 · 1 · 8
Rental Income: $1,363 per month
4.92
296
♥️ of
$307 per night Airbnb occupancy rate 24%
House 2 · 1 · 6
Rental Income: $2,200 per month
4.83
290
*Zen* Entire King suite w rooftop spa, @MicroLux
$221 per night Airbnb occupancy rate 25%
Condominium 1 · 1 · 3
Rental Income: $1,694 per month
4.88
262
*Victoriana* - Elevated Elegance @MicroLux
$167 per night Airbnb occupancy rate 28%
Condominium 1 · 1 · 3
Rental Income: $1,433 per month
4.82
245
Modern Mid-Century in Downtown Royal Oak!
$204 per night Airbnb occupancy rate 45%
Entire bungalow 2 · 1 · 4
Rental Income: $2,788 per month
4.97
234

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
Clinton Township $259,900 5% 1% $1,927 $1,239 161 21%
Redford $170,000 6% 1% $1,390 $1,077 155 21%
View all michigan cities

Vacation Rentals for Sale in michigan

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