1437 Yeomans St,Ionia,MI,48846

Investment Highlights

Rental property for sale in Ionia at 1437 Yeomans St, Ionia, MI, 48846 priced at $219,900 pairs $2,946/mo rent with $1,496/mo cash flow after a $1,076/mo payment. Total monthly income equals $2,946/mo, and annual cash flow comes to $17,954/yr on $72,897 invested. Return on cash invested is 44.54% in year one, and rental yield stands at 16.08% on a $219,900 basis. Equity gained on principal adds $1,419/yr, and 5% annual appreciation accumulates to $60,754 by year five. Five-year ROI measures 235.5% and total cumulative return in cash reaches $171,676. For financing, Ziffy Mortgage’s DSCR program evaluates $2,946/mo property income against a $1,076/mo payment instead of your W2s, 1099s, or Tax returns.