523 Grant StIoniaMI48846
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 523 Grant St, Ionia, MI, 48846 in Ionia speaks for itself: 13.89% gross on a $109,900 price, generating $1,272/mo in rent and $547/mo in net income after the $494/mo debt service. DSCR 2.57, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,567 stacks alongside $30,363 in projected five-year appreciation and $1,012/yr in principal reduction. Projected total cumulative return: $77,152.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.9% | 6.3% |
| Monthly Cash Flow | $547 | $850 |
City averages based on Ionia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,272 |
| Total Monthly Debt Service | $681 |
| DSCR Ratio | 1.87x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
10,018 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1900
10,018 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices