8091 Goebel RdEast JordanMI49727
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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
Rental property for sale in East Jordan at 8091 Goebel Rd, East Jordan, MI, 49727 priced at $895,000 converts $3,001/mo rent into after a $4,381/mo obligation. Total monthly income equals $3,001/mo. Return on cash invested prints 8.24% in year one, and rental yield reads 4.02% against a $895,000 entry. Equity gained on principal adds $5,775/yr, while 5% annual appreciation compiles into $247,272 by year five. Five-year ROI reaches 40.75% and total cumulative return in cash sums $119,990. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,001/mo property income covering a $4,381/mo payment, not borrower’s personal income.
Single Family
Built in 1994
9.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49727, East Jordan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,429 (100%) |
| Owner Occupied HU | 2,638 (59.6%) |
| Renter Occupied HU | 449 (10.1%) |
| Vacant Housing Units | 1,342 (30.3%) |
| Median Home Value | $244,164 |
| Average Home Value | $346,946 |
Housing Distribution
Address Breakdown
Residential
2,745
Single Family
2,607
Multi-Family
138
Businesses
177
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Listed by: David J DeBruyn • Greenridge Realty (Kentwood)
Mls Name: MichRIC
Mls Provider:
Mls ID: #24053828
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.