308 N Park St,Spring Lake,MI,49456

Investment Highlights

Investment property for sale in Spring Lake at 308 N Park St, Spring Lake, MI, 49456 offers a 15.12% rental yield on a $325,000 purchase with $4,094/mo rent. Total monthly income registers $4,094/mo, and a $1,591/mo payment leaves $1,951/mo available for distribution. Annual cash flow reaches $23,406/yr on $107,738 to close, and return on cash invested stands at 41.63% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 219.89% and total cumulative return in cash at $236,905. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,094/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.