308 Washington StNashvilleMI49073
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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 308 Washington St, Nashville, MI, 49073 offers $1,298/mo rent that, after a $802/mo payment, leaves $217/mo cash flow. Total monthly income is $1,298/mo, and annual cash flow is $2,608/yr on $54,333 cash. Return on cash invested measures 24.71% in year one, and rental yield stands at 9.5% at a $163,900 entry. Equity gained on principal adds $1,058/yr while 5% annual appreciation compounds into $45,283 by year five. Five-year ROI records 129.14% and total cumulative return in cash reaches $70,166. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,298/mo property income versus a $802/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
3,700 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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