644 N Jackson StIoniaMI48846
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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
Investment Highlights
Investment property for sale in Ionia at 644 N Jackson St, Ionia, MI, 48846 uses $53,040 cash to close to unlock $8,364/yr annual cash flow and $697/mo monthly cash flow. Total monthly income runs $1,752/mo, and a $783/mo payment keeps the spread at $697/mo. Purchase price stands at $160,000, and rental yield measures 13.14% with $1,752/mo rent. Return on cash invested shows 35.68% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 187.9% and total cumulative return in cash records $99,662. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,752/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.34 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
