401 Union St,Ionia,MI,48846

Investment Highlights

Investment property for sale in Ionia at 401 Union St, Ionia, MI, 48846 offers a 12.26% rental yield on a $149,900 purchase with $1,531/mo rent. Total monthly income registers $1,531/mo, and a $734/mo payment leaves $539/mo available for distribution. Annual cash flow reaches $6,469/yr on $49,692 to close, and return on cash invested stands at 32.93% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 173.31% and total cumulative return in cash at $86,123. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,531/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.