Is Goodrich, MI a good place to invest in rental property?

Goodrich, MI has a median modeled monthly cash flow of $-1,216 and a median cap rate of 1.6%, on a median sold price of $325,000. Prices changed +14.5% year over year.

What is the average cap rate in Goodrich, MI?

The median cap rate across recently sold homes in Goodrich, MI is 1.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Goodrich, MI?

The median sold price in Goodrich, MI is $325,000 (about $150 per square foot).

Investing in Goodrich, MI Real Estate

A data-driven snapshot of the Goodrich, MI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$325,000Median sold price

$150Median $/sqft

1.6%Median cap rate

$-1,216Modeled cash flow / mo

+14.5%Appreciation YoY

6.0Months of supply

18Active listings

36Sold (last 12 mo)

What the Goodrich numbers say

In Goodrich, MI, the median home sold for $325,000 (about $150 per square foot), and the typical deal models out to a 1.6% cap rate with a median $-1,216 of monthly cash flow. Sold prices moved +14.5% over the past year. Inventory sits at about 6.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Michigan markets to compare

See Goodrich cash-flowing listings

CashFlowRE ranks every for-sale home in Goodrich, MI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Goodrich deals, or browse the national market data.