1040 E Bernhard AveHazel ParkMI48030
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.49% yield at 1040 E Bernhard Ave, Hazel Park, MI, 48030 in Hazel Park is solid, but the $629/mo payment compresses net cash flow to $183/mo at $139,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $38,652 by year five, and $1,288/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.76) without U.S. income documentation. Total projected return: $65,152.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.5% |
| Monthly Cash Flow | $183 | $800 |
City averages based on Hazel Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,106 |
| Total Monthly Debt Service | $867 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1958
4,356 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1958
4,356 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Quin D'Amico • RE/MAX Showcase Homes
Mls Name: Realcomp II
Mls ID: #20261003690