515 Harrison St,Ionia,MI,48846

Investment Highlights

Rental property for sale in Ionia at 515 Harrison St, Ionia, MI, 48846 priced at $144,900 pairs $1,202/mo rent with $247/mo cash flow after a $709/mo payment. Total monthly income equals $1,202/mo, and annual cash flow comes to $2,960/yr on $48,034 invested. Return on cash invested is 26.07% in year one, and rental yield stands at 9.95% on a $144,900 basis. Equity gained on principal adds $935/yr, and 5% annual appreciation accumulates to $40,033 by year five. Five-year ROI measures 136.45% and total cumulative return in cash reaches $65,545. For financing, Ziffy Mortgage’s DSCR program evaluates $1,202/mo property income against a $709/mo payment instead of your W2s, 1099s, or Tax returns.