505 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
Investment property for sale in Hazel Park at 505 E Meyers Ave, Hazel Park, MI, 48030 with 5% annual appreciation on a $192,500 basis while $2,099/mo rent supports operations. Total monthly income totals $2,099/mo and a $942/mo payment preserves $830/mo for cash returns. Annual cash flow comes to $9,957/yr on $63,814 deployed, and return on cash invested reaches 35.51% in year one. Equity gained on principal adds $1,242/yr, and five-year appreciation sums $53,184 alongside rental yield of 13.08%. Five-year ROI measures 187.06% and total cumulative return in cash totals $119,369.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,099/mo property income versus a $942/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
5,662 sqft lot
$N/A/sqft
No HOA
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Listed by: James Gillen III • Liberty Way Realty
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20251033235
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