1216 E Evelyn 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 1216 E Evelyn Ave, Hazel Park, MI, 48030 priced at $231,300 converts $1,948/mo rent into $375/mo cash flow after a $1,132/mo obligation. Total monthly income equals $1,948/mo, and annual cash flow totals $4,497/yr on $76,676 invested. Return on cash invested prints 25.77% in year one, and rental yield reads 10.11% against a $231,300 entry. Equity gained on principal adds $1,493/yr, while 5% annual appreciation compiles into $63,904 by year five. Five-year ROI reaches 135.1% and total cumulative return in cash sums $103,591. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,948/mo property income covering a $1,132/mo payment, not borrower’s personal income.
Single Family
Built in 1946
4,356 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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