313 Morse St, Ionia, MI, 48846 | $1,202/mo Cash Flow

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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

Investment property for sale in Ionia at 313 Morse St, Ionia, MI, 48846 at $103,000 posts ROI 62.16% with $1,202/mo cash flow from $1,882/mo rent. Total monthly income equals $1,882/mo, and annual cash flow records $14,427/yr on $34,145 to close. Return on cash invested measures 62.16% and rental yield reads 21.93% at the current $103,000. Equity gained on principal adds $665/yr, and 5% annual appreciation supports $28,457 by year five. Five-year ROI prints 330.11% and total cumulative return in cash totals $112,714.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,882/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1900

6,098 sqft lot

$N/A/sqft

No HOA