Skyview Dr #M85J8B,Ionia,MI,48846

Investment Highlights

Investment property for sale in Ionia at Skyview Dr #M85J8B, Ionia, MI, 48846 offers a 10.66% rental yield on a $363,400 purchase with $3,227/mo rent. Total monthly income registers $3,227/mo, and a $1,779/mo payment leaves $830/mo available for distribution. Annual cash flow reaches $9,963/yr on $120,467 to close, and return on cash invested stands at 28.18% in year one. Equity gained on principal adds $2,345/yr while 5% annual appreciation supports $100,401 over five years. Portfolio math shows five-year ROI at 147.75% and total cumulative return in cash at $177,993. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,227/mo property income against a $1,779/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.