7490 Cedar CtGoodrichMI48438
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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 7490 Cedar Ct, Goodrich, MI, 48438 uses $119,307 cash to close to unlock $4,982/yr annual cash flow and $415/mo monthly cash flow. Total monthly income runs $2,789/mo, and a $1,762/mo payment keeps the spread at $415/mo. Purchase price stands at $359,900, and rental yield measures 9.3% with $2,789/mo rent. Return on cash invested shows 24.08% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 125.8% and total cumulative return in cash records $150,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,789/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.31 Acres 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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