419 N State St,Ionia,MI,48846

Investment Highlights

Investment property for sale in Ionia at 419 N State St, Ionia, MI, 48846 listed at $174,900 pairs $1,351/mo rent with a $856/mo payment to leave $99/mo cash flow. Total monthly income runs $1,351/mo, and annual cash flow reaches $1,193/yr on $57,979 cash to close. Return on cash invested measures 21.97% in year one, and rental yield registers 9.27% at a $174,900 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,322 by year five. Five-year ROI tracks 115.18% and total cumulative return in cash totals $66,780. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,351/mo property income relative to a $856/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).