15142 Echo Ct,Spring Lake,MI,49456

Investment Highlights

Investment property for sale in Spring Lake at 15142 Echo Ct, Spring Lake, MI, 49456 offers a 8.37% rental yield on a $335,000 purchase with $2,338/mo rent. Total monthly income registers $2,338/mo, and a $1,640/mo payment leaves $129/mo available for distribution. Annual cash flow reaches $1,542/yr on $111,053 to close, and return on cash invested stands at 21.3% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,554 over five years. Portfolio math shows five-year ROI at 110.84% and total cumulative return in cash at $123,092. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,338/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.