9198 Hegel 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
Rental property for sale in Goodrich at 9198 Hegel Rd, Goodrich, MI, 48438 generates $3,235/mo in rent and, after a $2,203/mo payment, leaves $267/mo in cash flow. Total monthly income is $3,235/mo, and annual cash flow is $3,204/yr on $149,175 invested. Return on cash invested sits at 22.06% in year one, and rental yield is 8.63% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 114.88% and total cumulative return in cash sums $171,366. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,235/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
6.35 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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