370 Wales Ridge RdGoodellsMI48027
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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 Goodells at 370 Wales Ridge Rd, Goodells, MI, 48027 earns $53/mo cash flow from $3,146/mo rent with a $2,296/mo payment. Total monthly income totals $3,146/mo, and annual cash flow totals $632/yr on $155,474 capital. ROI tracks 20.32% on current figures, and rental yield reads 8.05% at a $469,000 purchase. Equity gained on principal adds $3,026/yr, and 5% annual appreciation supports $129,576 over five years. Five-year ROI reaches 105.55% and total cumulative return in cash sums $164,107. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,146/mo property income instead of your personal income.
Single Family
Built in 1987
16.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48027, Goodells, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,296 (100%) |
| Owner Occupied HU | 1,152 (88.9%) |
| Renter Occupied HU | 84 ( 6.5%) |
| Vacant Housing Units | 60 ( 4.6%) |
| Median Home Value | $279,188 |
| Average Home Value | $292,381 |
Housing Distribution
Address Breakdown
Residential
1,246
Single Family
1,246
Multi-Family
0
Businesses
37
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