129 Summit St, Ionia, MI, 48846 | $1,757/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Ionia at 129 Summit St, Ionia, MI, 48846 uses $59,670 cash to close to unlock $21,084/yr annual cash flow and $1,757/mo monthly cash flow. Total monthly income runs $2,944/mo, and a $881/mo payment keeps the spread at $1,757/mo. Purchase price stands at $180,000, and rental yield measures 19.63% with $2,944/mo rent. Return on cash invested shows 55.24% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 292.84% and total cumulative return in cash records $174,737. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,944/mo property income covering a $881/mo payment rather than investor’s personal income.

Single Family

Built in 1928

6,098 sqft lot

$N/A/sqft

No HOA