Single Family Investment Properties for Sale in Goodrich, MI
Listed for sale 4 days ago
$ 385,000
ROI
29.3
Cash Flow/m
1019- 4 Bed
- 4 Bath
- 2600 sft
8022 Fox Hollow Rd, Goodrich, MI, 48438
$ 399,900
ROI
26.4Cash Flow/m
740- 3 Bed
- 2 Bath
- 1322 sft
4585 Shifman Rd, Goodrich, MI, 48438
$ 525,000
ROI
22.1Cash Flow/m
297- 4 Bed
- 3 Bath
- 4830 sft
11095 Hill Rd, Goodrich, MI, 48438
$ 449,900
ROI
22.4Cash Flow/m
332- 4 Bed
- 3 Bath
- 2278 sft
8376 Oak Ridge 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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