420 E Meyers 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 420 E Meyers Ave, Hazel Park, MI, 48030 generates $1,494/mo in rent and, after a $974/mo payment, leaves $182/mo in cash flow. Total monthly income is $1,494/mo, and annual cash flow is $2,180/yr on $65,969 invested. Return on cash invested sits at 23.21% in year one, and rental yield is 9.01% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 121.08% and total cumulative return in cash sums $79,878. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,494/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: James Lucas • Vantage Realty Group, LLC
Mls Name: MichRIC
Mls ID: #26003307