481 E Washington St #B, Ionia, MI, 48846 | $123/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Ionia at 481 E Washington St #B, Ionia, MI, 48846 earns $123/mo cash flow from $1,988/mo rent with a $1,273/mo payment. Total monthly income totals $1,988/mo, and annual cash flow totals $1,476/yr on $86,190 capital. ROI tracks 21.62% on current figures, and rental yield reads 9.18% at a $260,000 purchase. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 over five years. Five-year ROI reaches 113.31% and total cumulative return in cash sums $97,661. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,988/mo property income instead of your personal income.

Condo

Built in 2024

1 sqft lot

$N/A/sqft

$150 monthly HOA