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Turnkey Rental
This property shows promising rental potential in the Royal Oak area. Market data suggests a monthly income range between $2,471 and $2,817, offering a healthy estimated annual yield of approximately 7.06% for potential investors. Long-term value looks solid with a projected annual appreciation of $8,733 based on current local market rates. This balance of steady cash flow and steady property growth makes it an attractive addition to any portfolio.
Rental Income
$32K
Yield
7.1%
Appreciation
$9K
Year 1 Estimates
Fix-and-Flip
Updated interiors provide a fresh, modern appeal that significantly boosts lifestyle quality. While current market trends show a subtle price per square foot difference of roughly $235 versus $243, these homes shine by attracting highly motivated buyers. Embracing modern finishes creates a vibrant, turn-key living space that stands out in the neighborhood. With a solid rent potential nearing $3,000, this upgrade enhances long-term desirability, ensuring the property remains a preferred choice for quality tenants.
Comps
16
Buy-Rehab-Rent
This property offers a promising post-renovation value between 446,000 and 493,000 dollars. With a solid 4-bedroom layout, the asset is well-positioned to capitalize on market demand for high-quality, updated family housing in this area. Projected monthly rental income reaches 2,978 dollars, delivering a stable 7.6 percent yield. This reliable cash flow makes the property a practical BRR candidate, provided renovation costs are managed carefully to protect your total investment equity.
Rental Income
$36K
Yield
7.6%
Appreciation
$9K
Year 1 Estimates, Post Typical Renovation
More about this home
Neighborhood Assessment
324 W Kenilworth is in an established Royal Oak neighborhood near the downtown area, with walkable amenities and ongoing investment in pedestrian-friendly public spaces. The city is advancing a permanent 5th Street plaza and other downtown mixed-use projects. Royal Oak’s market remains competitive: recent data shows a roughly $375K median sale price and homes selling in about 19 days. Nearby estimates vary widely, so treat them as context, not direct comparable sales.
Market Activity
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Asking price
$449K
$8.2K below comp median
Comparative Market Analysis
$278K – $570K
~107 days to sell
Based on 8 comps
324 W Kenilworth Ave, Royal Oak Investment Report: Flip & Rental Analysis · Frontflip