Elements 2090 Plan, Kingston Farm Estates,Ionia,MI,48846

Investment Highlights

Investment property for sale in Ionia at Elements 2090 Plan, Kingston Farm Estates, Ionia, MI, 48846 uses $119,307 cash to close to unlock $7,442/yr annual cash flow and $620/mo monthly cash flow. Total monthly income runs $2,994/mo, and a $1,762/mo payment keeps the spread at $620/mo. Purchase price stands at $359,900, and rental yield measures 9.98% with $2,994/mo rent. Return on cash invested shows 26.15% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 136.86% and total cumulative return in cash records $163,286. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,994/mo property income covering a $1,762/mo payment rather than investor’s personal income.