310 Welton St,Ionia,MI,48846

Investment Highlights

Investment property for sale in Ionia at 310 Welton St, Ionia, MI, 48846 offers a 10.19% rental yield on a $235,900 purchase with $2,003/mo rent. Total monthly income registers $2,003/mo, and a $1,155/mo payment leaves $447/mo available for distribution. Annual cash flow reaches $5,364/yr on $78,201 to close, and return on cash invested stands at 26.77% in year one. Equity gained on principal adds $1,522/yr while 5% annual appreciation supports $65,175 over five years. Portfolio math shows five-year ROI at 140.15% and total cumulative return in cash at $109,595. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,003/mo property income against a $1,155/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.