320 Harter St, Ionia, MI, 48846 | $486/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 320 Harter St, Ionia, MI, 48846 uses $74,422 cash to close to unlock $5,836/yr annual cash flow and $486/mo monthly cash flow. Total monthly income runs $1,967/mo, and a $1,099/mo payment keeps the spread at $486/mo. Purchase price stands at $224,500, and rental yield measures 10.51% with $1,967/mo rent. Return on cash invested shows 27.75% in year one, and 5% annual appreciation builds toward $62,025 over five years. Five-year ROI reaches 145.47% and total cumulative return in cash records $108,260. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,967/mo property income covering a $1,099/mo payment rather than investor’s personal income.

Single Family

Built in 1920

5,662 sqft lot

$N/A/sqft

No HOA