360 E Tuttle Rd #298,Ionia,MI,48846

Investment Highlights

Investment property for sale in Ionia at 360 E Tuttle Rd #298, Ionia, MI, 48846 offers a 10.47% rental yield on a $103,999 purchase with $907/mo rent. Total monthly income registers $907/mo, and a $509/mo payment leaves $221/mo available for distribution. Annual cash flow reaches $2,654/yr on $34,476 to close, and return on cash invested stands at 27.61% in year one. Equity gained on principal adds $671/yr while 5% annual appreciation supports $28,733 over five years. Portfolio math shows five-year ROI at 144.83% and total cumulative return in cash at $49,931. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $907/mo property income against a $509/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.