1979 W Riverside Dr,Ionia,MI,48846

Investment Highlights

Investment property for sale in Ionia at 1979 W Riverside Dr, Ionia, MI, 48846 offers a 9.52% rental yield on a $114,900 purchase with $912/mo rent. Total monthly income registers $912/mo, and a $562/mo payment leaves $155/mo available for distribution. Annual cash flow reaches $1,856/yr on $38,089 to close, and return on cash invested stands at 24.78% in year one. Equity gained on principal adds $741/yr while 5% annual appreciation supports $31,745 over five years. Portfolio math shows five-year ROI at 129.55% and total cumulative return in cash at $49,346. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $912/mo property income against a $562/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.