23385 Hoover 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 23385 Hoover Ave, Hazel Park, MI, 48030 generates $1,183/mo in rent and, after a $729/mo payment, leaves $180/mo in cash flow. Total monthly income is $1,183/mo, and annual cash flow is $2,161/yr on $49,394 invested. Return on cash invested sits at 24.28% in year one, and rental yield is 9.53% on a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 127.12% and total cumulative return in cash sums $62,788. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,183/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
4,791 sqft lot
$N/A/sqft
No HOA
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Listed by: Kristine Plotinski • Realty Executives Home Towne
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50168772
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