727 Chapman St,Ionia,MI,48846

Investment Highlights

Investment property for sale in Ionia at 727 Chapman St, Ionia, MI, 48846 offers a 9.41% rental yield on a $199,900 purchase with $1,568/mo rent. Total monthly income registers $1,568/mo, and a $978/mo payment leaves $250/mo available for distribution. Annual cash flow reaches $3,002/yr on $66,267 to close, and return on cash invested stands at 24.44% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 127.72% and total cumulative return in cash at $84,637. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,568/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.