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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Goodrich, MI
Listed for sale 4 days ago
$ 389,900
ROI
26.5
Cash Flow/m
730- 3 Bed
- 3 Bath
- 2532 sft
11193 Linda Kay, Goodrich, MI, 48438
Listed for sale 4 days ago
$ 259,000
ROI
31.3Cash Flow/m
832- 3 Bed
- 1 Bath
- 1400 sft
12384 Hill Rd, Goodrich, MI, 48438
$ 219,900
ROI
20.1Cash Flow/m
21- 3 Bed
- 1 Bath
- 1144 sft
10343 Coolidge Rd, Goodrich, MI, 48438
$ 449,900
ROI
21.6Cash Flow/m
225- 5 Bed
- 4 Bath
- 3861 sft
10219 Mill Pointe Dr, Goodrich, MI, 48438
Why Invest in Goodrich, Michigan?
Goodrich, MI offers attractive opportunities for investors targeting high rental yield properties. This market boasts a solid average ROI of 8.2%, supported by a rental yield of 7.5%, and stable cap rates near 6%. Investors can expect consistent average cash flow around $250 per month, with average rents at approximately $1,300. The city's renter-occupied rate is healthy at 45%, reflecting steady tenant demand and positive property appreciation trends.
8.2%
Avg. ROI
7.5%
Rental Yield
6%
Cap Rate
$250/mo
Avg. Cash Flow
$1300/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Goodrich for high rental yield properties is approximately 7.5%, making it a competitive market for rental income investors.
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