610 Hackett StIoniaMI48846
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 610 Hackett St, Ionia, MI, 48846 in Ionia: $3,343/mo in rent, $1,767/mo net, 16.79% gross yield, all on a $239,000 acquisition. The 3.11 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $66,031 in value, and $2,201/yr in principal paydown steadily builds equity. Projected total cumulative return: $204,733.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.8% | 6.3% |
| Monthly Cash Flow | $1,767 | $850 |
City averages based on Ionia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,343 |
| Total Monthly Debt Service | $1,481 |
| DSCR Ratio | 2.26x |
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 1942
0.25 Acres 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 1942
0.25 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices