3219 Hanley StHamtramckMI48212
INVESTMENT ANALYSIS
Investment Verdict
Solid Income3219 Hanley St, Hamtramck, MI, 48212 in Hamtramck earns a respectable 8.15% gross yield at $260,000, but after the $1,169/mo mortgage the net cash flow is $51/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.51) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $71,833 over five years, making equity the dominant return driver. Total projected return: $102,297.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 7.0% |
| Monthly Cash Flow | $51 | $400 |
City averages based on Hamtramck market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,765 |
| Total Monthly Debt Service | $1,611 |
| DSCR Ratio | 1.10x |
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.
Multi Family
Built in 1925
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48212, Hamtramck, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,070 (100%) |
| Owner Occupied HU | 7,245 (51.5%) |
| Renter Occupied HU | 5,428 (38.6%) |
| Vacant Housing Units | 1,397 ( 9.9%) |
| Median Home Value | $120,746 |
| Average Home Value | $179,760 |
Housing Distribution
Address Breakdown
Residential
12,551
Single Family
12,311
Multi-Family
240
Businesses
1,032
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
Multi Family
Built in 1925
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48212, Hamtramck, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,070 (100%) |
| Owner Occupied HU | 7,245 (51.5%) |
| Renter Occupied HU | 5,428 (38.6%) |
| Vacant Housing Units | 1,397 ( 9.9%) |
| Median Home Value | $120,746 |
| Average Home Value | $179,760 |
Housing Distribution
Address Breakdown
Residential
12,551
Single Family
12,311
Multi-Family
240
Businesses
1,032
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices