10177 Hawthorne Ridge RdGoodrichMI48438
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Goodrich at 10177 Hawthorne Ridge Rd, Goodrich, MI, 48438 earns $115/mo cash flow from $1,697/mo rent with a $1,174/mo payment. Total monthly income totals $1,697/mo, and annual cash flow totals $1,382/yr on $79,527 capital. ROI tracks 21.65% on current figures, and rental yield reads 8.49% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 112.73% and total cumulative return in cash sums $89,647. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,697/mo property income instead of your personal income.
Condo
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48438, Goodrich, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,582 (100%) |
| Owner Occupied HU | 2,365 (91.6%) |
| Renter Occupied HU | 122 ( 4.7%) |
| Vacant Housing Units | 95 ( 3.7%) |
| Median Home Value | $342,692 |
| Average Home Value | $373,386 |
Housing Distribution
Address Breakdown
Residential
2,574
Single Family
2,558
Multi-Family
16
Businesses
171
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