820 Hackett St,Ionia,MI,48846

Investment Highlights

Rental property for sale in Ionia at 820 Hackett St, Ionia, MI, 48846 priced at $150,000 pairs $1,345/mo rent with $356/mo cash flow after a $734/mo payment. Total monthly income equals $1,345/mo, and annual cash flow comes to $4,272/yr on $49,725 invested. Return on cash invested is 28.5% in year one, and rental yield stands at 10.76% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 149.42% and total cumulative return in cash reaches $74,298. For financing, Ziffy Mortgage’s DSCR program evaluates $1,345/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.