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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family 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?
Investing in single-family homes in Goodrich, MI offers a solid opportunity with attractive rental yields and steady appreciation. The local market benefits from a cap rate of around 7%, making it appealing for investors seeking stable cash flow. Rental demand remains strong, driven by a renter-occupied rate of 55%, while average monthly rents provide a consistent income stream. Average ROI and cash flow metrics indicate a balanced investment environment amidst a growing Michigan suburb.
8%
Avg. ROI
6.5%
Rental Yield
7%
Cap Rate
$400/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Investors in Goodrich typically see an average ROI of around 8% with rental yields near 6.5%, supported by a solid rental market and steady appreciation.
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