8542 Morris RdGoodellsMI48027
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 8542 Morris Rd, Goodells, MI, 48027 in Goodells worth modelling. At $125,000 with a 9.24% gross yield, the $963/mo rent leaves $139/mo after the $562/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.71 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $34,535 by year five; $1,151/yr in principal reduction adds further equity. Total projected return: $56,587.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.0% |
| Monthly Cash Flow | $139 | $450 |
City averages based on Goodells market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $963 |
| Total Monthly Debt Service | $775 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1910
1.26 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1910
1.26 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Giovanni Spadafora • KW Platinum
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50171310
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