21 Thornapple Lake RdNashvilleMI49073
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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 Nashville at 21 Thornapple Lake Rd, Nashville, MI, 49073 priced at $179,500 converts $1,378/mo rent into $194/mo cash flow after a $879/mo obligation. Total monthly income equals $1,378/mo, and annual cash flow totals $2,326/yr on $59,504 invested. Return on cash invested prints 23.82% in year one, and rental yield reads 9.21% against a $179,500 entry. Equity gained on principal adds $1,158/yr, while 5% annual appreciation compiles into $49,593 by year five. Five-year ROI reaches 124.33% and total cumulative return in cash sums $73,984. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,378/mo property income covering a $879/mo payment, not borrower’s personal income.
Single Family
Built in 1939
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49073, Nashville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,259 (100%) |
| Owner Occupied HU | 1,670 (73.9%) |
| Renter Occupied HU | 406 (18.0%) |
| Vacant Housing Units | 183 ( 8.1%) |
| Median Home Value | $197,849 |
| Average Home Value | $243,499 |
Housing Distribution
Address Breakdown
Residential
1,898
Single Family
1,841
Multi-Family
57
Businesses
61
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