642 Lafayette StIoniaMI48846
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 642 Lafayette St, Ionia, MI, 48846 in Ionia. Priced at $110,000, it generates $2,171/mo in gross rent and $1,422/mo in net monthly cash flow, a 23.68% yield that comfortably supports the 4.39 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $17,065. Five-year appreciation: $30,391. Equity from principal paydown: $1,013/yr. Total projected cumulative return: $133,525.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 23.7% | 6.3% |
| Monthly Cash Flow | $1,422 | $850 |
City averages based on Ionia market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,171 |
| Total Monthly Debt Service | $705 |
| DSCR Ratio | 3.08x |
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 1920
6,359 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 1920
6,359 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices