1193 N State Rd,Ionia,MI,48846

Investment Highlights

Rental property for sale in Ionia at 1193 N State Rd, Ionia, MI, 48846 generates $1,804/mo in rent and, after a $1,224/mo payment, leaves $155/mo in cash flow. Total monthly income is $1,804/mo, and annual cash flow is $1,860/yr on $82,875 invested. Return on cash invested sits at 22.15% in year one, and rental yield is 8.66% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 115.39% and total cumulative return in cash sums $95,626. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,804/mo property income rather than buyer’s personal income.