Skyview Dr #NEBMUR,Ionia,MI,48846

Investment Highlights

Rental property for sale in Ionia at Skyview Dr #NEBMUR, Ionia, MI, 48846 priced at $322,400 pairs $2,766/mo rent with $640/mo cash flow after a $1,578/mo payment. Total monthly income equals $2,766/mo, and annual cash flow comes to $7,679/yr on $106,876 invested. Return on cash invested is 27.09% in year one, and rental yield stands at 10.3% on a $322,400 basis. Equity gained on principal adds $2,080/yr, and 5% annual appreciation accumulates to $89,073 by year five. Five-year ROI measures 141.9% and total cumulative return in cash reaches $151,657. For financing, Ziffy Mortgage’s DSCR program evaluates $2,766/mo property income against a $1,578/mo payment instead of your W2s, 1099s, or Tax returns.