524 Jones St,Ionia,MI,48846

Investment Highlights

Rental property for sale in Ionia at 524 Jones St, Ionia, MI, 48846 offers $1,687/mo rent that, after a $832/mo payment, leaves $566/mo cash flow. Total monthly income is $1,687/mo, and annual cash flow is $6,794/yr on $56,322 cash. Return on cash invested measures 31.97% in year one, and rental yield stands at 11.92% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 168.13% and total cumulative return in cash reaches $94,694. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,687/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.