441 N State St,Ionia,MI,48846

Investment Highlights

Rental property for sale in Ionia at 441 N State St, Ionia, MI, 48846 offers $2,122/mo rent that, after a $972/mo payment, leaves $813/mo cash flow. Total monthly income is $2,122/mo, and annual cash flow is $9,751/yr on $65,803 cash. Return on cash invested measures 34.73% in year one, and rental yield stands at 12.83% at a $198,500 entry. Equity gained on principal adds $1,281/yr while 5% annual appreciation compounds into $54,842 by year five. Five-year ROI records 182.86% and total cumulative return in cash reaches $120,329. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,122/mo property income versus a $972/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.