1040 E Bernhard AveHazel ParkMI48030
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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
Investment Highlights
Rental property for sale in Hazel Park at 1040 E Bernhard Ave, Hazel Park, MI, 48030 generates $1,106/mo in rent and, after a $685/mo payment, leaves $183/mo in cash flow. Total monthly income is $1,106/mo, and annual cash flow is $2,198/yr on $46,377 invested. Return on cash invested sits at 24.65% in year one, and rental yield is 9.49% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 128.89% and total cumulative return in cash sums $59,775. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,106/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
4,356 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Quin D'Amico • RE/MAX Showcase Homes
Mls Name: Realcomp II
Mls ID: #20261003690