2801 N State Rd,Ionia,MI,48846

Investment Highlights

Rental property for sale in Ionia at 2801 N State Rd, Ionia, MI, 48846 generates $1,038/mo in rent and, after a $636/mo payment, leaves $181/mo in cash flow. Total monthly income is $1,038/mo, and annual cash flow is $2,174/yr on $43,062 invested. Return on cash invested sits at 24.96% in year one, and rental yield is 9.59% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 130.55% and total cumulative return in cash sums $56,215. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,038/mo property income rather than buyer’s personal income.