231 E Lincoln Ave,Ionia,MI,48846

Investment Highlights

Rental property for sale in Ionia at 231 E Lincoln Ave, Ionia, MI, 48846 priced at $169,900 pairs $1,177/mo rent with $56/mo cash flow after a $832/mo payment. Total monthly income equals $1,177/mo, and annual cash flow comes to $674/yr on $56,322 invested. Return on cash invested is 21.11% in year one, and rental yield stands at 8.31% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 109.88% and total cumulative return in cash reaches $61,886. For financing, Ziffy Mortgage’s DSCR program evaluates $1,177/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.