260 E Main St,Ionia,MI,48846

Investment Highlights

Rental property for sale in Ionia at 260 E Main St, Ionia, MI, 48846 priced at $259,900 converts $2,390/mo rent into $676/mo cash flow after a $1,272/mo obligation. Total monthly income equals $2,390/mo, and annual cash flow totals $8,114/yr on $86,157 invested. Return on cash invested prints 29.33% in year one, and rental yield reads 11.04% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 153.93% and total cumulative return in cash sums $132,622. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,390/mo property income covering a $1,272/mo payment, not borrower’s personal income.