Zip Code 48438 — Goodrich, MI
🔴WEAK— appreciation play onlyCap Rate
3.4%
Monthly Cash Flow
-$929
Median Home Price
$371,439
DSCR
0.53
🏠 Fair Market Rents
- Studio
- $1,080/mo
- 1 Bedroom
- $1,240/mo
- 2 Bedroom
- $1,550/mo
- 3 Bedroom
- $1,920/mo
- 4 Bedroom
- $2,100/mo
📊 Investment Metrics
- Cap Rate
- 3.4%
- Cash-on-Cash Return
- -13.1%
- Price-to-Rent Ratio
- 16.1
- 1% Rule
- 0.52%
- Gross Rent Multiplier
- 16.1
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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