3216 E Stage Rd,Ionia,MI,48846

Investment Highlights

Investment property for sale in Ionia at 3216 E Stage Rd, Ionia, MI, 48846 uses $48,034 cash to close to unlock $24,464/yr annual cash flow and $2,039/mo monthly cash flow. Total monthly income runs $2,994/mo, and a $709/mo payment keeps the spread at $2,039/mo. Purchase price stands at $144,900, and rental yield measures 24.8% with $2,994/mo rent. Return on cash invested shows 70.84% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 376.53% and total cumulative return in cash records $180,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,994/mo property income covering a $709/mo payment rather than investor’s personal income.