22 Wager Pl, Ionia, MI, 48846 | 3.75% Rental Yield

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Ionia at 22 Wager Pl, Ionia, MI, 48846 priced at $425,000 converts $1,329/mo rent into after a $2,080/mo obligation. Total monthly income equals $1,329/mo. Return on cash invested prints 7.36% in year one, and rental yield reads 3.75% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 36.08% and total cumulative return in cash sums $50,837. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,329/mo property income covering a $2,080/mo payment, not borrower’s personal income.

Multi Family

Built in 1901

0.25 Acres lot

$N/A/sqft

No HOA