16051 Waterleaf Trl, Spring Lake, MI, 49456 | $928/mo Cash Flow

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1800 sft

2976 E Ellis Rd, Muskegon, MI, 49444

3 Bed
2 Bath
1918 sft

The Maxwell Plan, Lincoln Pines, Grand Haven, MI, 49417

4 Bed
4 Bath
3183 sft

4110 Dunes Pkwy, Muskegon, MI, 49441

3 Bed
3 Bath
2087 sft

10486 Northfield Dr, Zeeland, MI, 49464

Nearby investment properties with comparable prices

4 Bed
3 Bath
2206 sft

Cascade Plan, Hidden Shores West, Allendale, MI, 49401

4 Bed
3 Bath
2328 sft

The Hadley Plan, Hathaway Lakes, Nunica, MI, 49448

4 Bed
2 Bath
1840 sft

1375 Waukazoo Dr, Holland, MI, 49424

4 Bed
3 Bath
3423 sft

Silverton Dr #GB54R, Holland, MI, 49424

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

Explore more listings using simple english

Investment Highlights

Investment property for sale in Spring Lake at 16051 Waterleaf Trl, Spring Lake, MI, 49456 offers a 9.95% rental yield on a $589,900 purchase with $4,889/mo rent. Total monthly income registers $4,889/mo, and a $2,887/mo payment leaves $928/mo available for distribution. Annual cash flow reaches $11,140/yr on $194,077 to close, and return on cash invested stands at 25.8% in year one. Equity gained on principal adds $3,807/yr while 5% annual appreciation supports $162,978 over five years. Portfolio math shows five-year ROI at 135.11% and total cumulative return in cash at $262,209. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,889/mo property income against a $2,887/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2004

0.43 Acres lot

$N/A/sqft

$425 semi-annually HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49456, Spring Lake, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,935 (100%)
Owner Occupied HU	7,221 (72.7%)
Renter Occupied HU	1,752 (17.6%)
Vacant Housing Units	962 ( 9.7%)
Median Home Value	$380,316
Average Home Value	$448,608