1900 E Hammett RdHartMI49420
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 1900 E Hammett Rd, Hart, MI, 49420 in Hart hard to pass up. The 11.38% gross yield on a $344,800 purchase results in $3,269/mo in rent and $995/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.11). Annual cash flow of $11,940, five-year appreciation of $95,262, and $3,176/yr in equity build-up combine for a projected total cumulative return of $195,411.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 7.0% |
| Monthly Cash Flow | $995 | $400 |
City averages based on Hart market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,269 |
| Total Monthly Debt Service | $2,137 |
| DSCR Ratio | 1.53x |
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 2001
15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49420, Hart, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,918 (100%) |
| Owner Occupied HU | 1,834 (62.9%) |
| Renter Occupied HU | 541 (18.5%) |
| Vacant Housing Units | 543 (18.6%) |
| Median Home Value | $178,297 |
| Average Home Value | $224,875 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,527
Multi-Family
91
Businesses
255
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 2001
15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49420, Hart, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,918 (100%) |
| Owner Occupied HU | 1,834 (62.9%) |
| Renter Occupied HU | 541 (18.5%) |
| Vacant Housing Units | 543 (18.6%) |
| Median Home Value | $178,297 |
| Average Home Value | $224,875 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,527
Multi-Family
91
Businesses
255
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices