6240 S Michigan Hwy #66NashvilleMI49073
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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
Investment property for sale in Nashville at 6240 S Michigan Hwy #66, Nashville, MI, 49073 uses $86,190 cash to close to unlock $300/yr annual cash flow and $25/mo monthly cash flow. Total monthly income runs $1,740/mo, and a $1,273/mo payment keeps the spread at $25/mo. Purchase price stands at $260,000, and rental yield measures 8.03% with $1,740/mo rent. Return on cash invested shows 20.26% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 105.23% and total cumulative return in cash records $90,701. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,740/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1965
1.22 Acres 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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