130 W Riverside Dr,Ionia,MI,48846

Investment Highlights

Rental property for sale in Ionia at 130 W Riverside Dr, Ionia, MI, 48846 generates $992/mo in rent and, after a $612/mo payment, leaves $168/mo in cash flow. Total monthly income is $992/mo, and annual cash flow is $2,011/yr on $41,421 invested. Return on cash invested sits at 24.76% in year one, and rental yield is 9.53% on a $124,950 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,521 over five years. Five-year ROI reaches 129.47% and total cumulative return in cash sums $53,629. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $992/mo property income rather than buyer’s personal income.