142 Mill St,Ionia,MI,48846

Investment Highlights

Investment property for sale in Ionia at 142 Mill St, Ionia, MI, 48846 offers a 9.5% rental yield on a $109,000 purchase with $863/mo rent. Total monthly income registers $863/mo, and a $534/mo payment leaves $144/mo available for distribution. Annual cash flow reaches $1,724/yr on $36,134 to close, and return on cash invested stands at 24.68% in year one. Equity gained on principal adds $703/yr while 5% annual appreciation supports $30,115 over five years. Portfolio math shows five-year ROI at 128.98% and total cumulative return in cash at $46,606. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $863/mo property income against a $534/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.