Royal Oak, MI Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Royal Oak, MI. Based on 30+ datapoints.
Royal Oak, MI Long-Term Rental Investment Snapshot
Based on 30+ long-term rental datapoints
Median Cap Rate
4.8%
Avg Cash on Cash
-8.3%
Median Cashflow
-$540/mo
Avg Rent Estimate
$2,641/mo
Avg Price
$365,600
Price Range
$260,500 - $491,200
Rent to Price
0.72%
low ratio
Positive Cashflow
3%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Royal Oak, MI
Royal Oak, MI presents a balanced long-term rental investment profile across 30+ analyzed datapoints. A median 4.8% cap rate combined with -8.3% average cash-on-cash returns make this a solid market for investors seeking a mix of cashflow and stability at a mid-to-upper tier price point.
Based on 30+ analyzed properties, the median monthly cashflow in Royal Oak, MI is -$540 with average rents of $2,641/month. Properties range from $260,500 to $491,200, offering entry points across multiple investment budgets.
Royal Oak, MI Rental Market Insights
- •Median cashflow is -$540/month — careful deal selection is essential here
- •4.8% median cap rate is typical of appreciation-focused markets
- •At 3% positive cashflow rate, Royal Oak, MI requires selective property picks
- •Mid-to-upper tier market with properties from $260,500 to $491,200