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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Goodrich, MI
$ 230,000
ROI
23.1
Cash Flow/m
215- 2 Bed
- 2 Bath
- 2134 sft
10200 Hawthorne Cir, Goodrich, MI, 48438
$ 224,900
ROI
23.8Cash Flow/m
253- 2 Bed
- 3 Bath
- 1284 sft
10193 Hawthorne Ridge Rd, Goodrich, MI, 48438
$ 239,900
ROI
46.9Cash Flow/m
1813- 3 Bed
- 3 Bath
- 2708 sft
10154 Hawthorne Ridge Rd, Goodrich, MI, 48438
$ 239,900
ROI
21.5Cash Flow/m
115- 2 Bed
- 2 Bath
- 2134 sft
10177 Hawthorne Ridge Rd, Goodrich, MI, 48438
Why Invest in Goodrich, Michigan?
Investing in condos in Goodrich, MI, offers a balanced opportunity given the area’s stable rental yields and growing renter occupancy. The average ROI and cap rates reflect a healthy market for real estate investors seeking moderate cash flow. With Goodrich's proximity to major economic centers in Michigan, condos here benefit from steady appreciation and rental demand. This makes the local condo market an attractive prospect with solid cash flow potential and reasonable entry prices for new investors.
7%
Avg. ROI
5%
Rental Yield
5.5%
Cap Rate
$600/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Goodrich is around 5%, which offers a stable return compared to other investment property types in the region.
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