360 E Tuttle Rd #13,Ionia,MI,48846

Investment Highlights

Investment property for sale in Ionia at 360 E Tuttle Rd #13, Ionia, MI, 48846 offers a 10.87% rental yield on a $117,999 purchase with $1,069/mo rent. Total monthly income registers $1,069/mo, and a $578/mo payment leaves $290/mo available for distribution. Annual cash flow reaches $3,485/yr on $39,117 to close, and return on cash invested stands at 28.82% in year one. Equity gained on principal adds $761/yr while 5% annual appreciation supports $32,601 over five years. Portfolio math shows five-year ROI at 151.22% and total cumulative return in cash at $59,151. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,069/mo property income against a $578/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.