Under $500K Investment Properties for Sale in Goodells, MI
Currently Rented
Rental Income
$ 200,000
ROI
20.8
Cash Flow/m
56- 5 Bed
- 4 Bath
- 3048 sft
7544 Ravenswood Rd, Goodells, MI, 48027
$ 349,900
ROI
24.0Cash Flow/m
412- 3 Bed
- 2 Bath
- 1556 sft
9201 Lambs Rd, Goodells, MI, 48027
$ 125,000
ROI
23.8Cash Flow/m
139- 3 Bed
- 2 Bath
- 1523 sft
8542 Morris Rd, Goodells, MI, 48027
$ 224,900
ROI
20.9Cash Flow/m
72- 3 Bed
- 1 Bath
- 1664 sft
8039 Smiths Creek Rd, Goodells, MI, 48027
Why Invest in Goodells, Michigan?
Investing in Goodells, MI properties under $500K offers a promising opportunity in a stable market. The area features a solid average ROI of 7.5% and a rental yield of 5.1%, appealing to investors seeking steady cash flow. Cap rates hover around 6%, with average cash flow near $450 monthly. Renter occupancy remains strong at about 68%, driven by consistent local demand and affordable housing options.
7.5%
Avg. ROI
5.1%
Rental Yield
6%
Cap Rate
$450/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average ROI for properties under $500K in Goodells is around 7.5%, offering a competitive return for real estate investors in the area.
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