430 N State St,Ionia,MI,48846

Investment Highlights

Rental property for sale in Ionia at 430 N State St, Ionia, MI, 48846 offers $1,115/mo rent that, after a $710/mo payment, leaves $159/mo cash flow. Total monthly income is $1,115/mo, and annual cash flow is $1,902/yr on $48,068 cash. Return on cash invested measures 23.87% in year one, and rental yield stands at 9.23% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 124.62% and total cumulative return in cash reaches $59,900. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,115/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.