132 Foxtail,Ionia,MI,48846

Investment Highlights

Rental property for sale in Ionia at 132 Foxtail, Ionia, MI, 48846 priced at $360,000 converts $2,604/mo rent into $230/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,604/mo, and annual cash flow totals $2,760/yr on $119,340 invested. Return on cash invested prints 22.22% in year one, and rental yield reads 8.68% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 115.75% and total cumulative return in cash sums $138,141. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,604/mo property income covering a $1,762/mo payment, not borrower’s personal income.