532 Harrison St,Ionia,MI,48846

Investment Highlights

Rental property for sale in Ionia at 532 Harrison St, Ionia, MI, 48846 offers $1,805/mo rent that, after a $832/mo payment, leaves $684/mo cash flow. Total monthly income is $1,805/mo, and annual cash flow is $8,208/yr on $56,355 cash. Return on cash invested measures 34.47% in year one, and rental yield stands at 12.74% at a $170,000 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 181.46% and total cumulative return in cash reaches $102,261. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,805/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.