1125 E Hayes Ave · Hazel Park, MI 48030

$150,000

4 bd · 2.0 ba · 1,575 sqft · SingleFamily public records · 4 Days on market

Built 1919 4,356 sqft lot Est $198k · 24% under

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +27.6/30.0
• ARV discount +15.0/15.0
• DSCR +9.7/10.0
• 1% rule +7.4/10.0
• Livability +4.0/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks

Incredible space unbeatable value and endless potential await you in Hazel Park! Welcome to this massive 4 bedroom 2 full bath Colonial offering a rare 1575 square feet of living space. If you are looking for the absolute best price per square foot value in the area this is it! The most expensive big ticket item is already done for you since a brand new roof was just installed in April 2026 offering immediate peace of mind. Inside the home features a fantastic spacious layout that includes a large living room formal dining space and a detached 1 car garage. The property has been priced sharply to reflect its need for cosmetic updates specifically new paint and flooring making it the ultimat

Key facts

• New roof
• Spacious layout
• Detached garage

Tags

• NEW ROOF
• DETACHED GARAGE
• SPACIOUS LAYOUT

Property features AI

Finance

• Other: Pets allowed

Exterior

• Parking: Detached garage with 1 parking space
• Utilities: Public water; Public sewer (not explicitly listed but utilities available); Electric service available (standard for property)
• Home design: Residential property; 2-story structure; Built in 1919; Frontage approximately 40 feet; City location (Hazel Park)
• Construction: Aluminum exterior construction; Crawl foundation; Roof information not provided
• Exterior features: Aluminum exterior; Porch; Paved street

Interior

• Kitchen: Kitchen on entry level with linoleum floor (approx. 10 x 12); Range/Oven; Refrigerator
• Bedrooms: Bedroom 1 (Second level) — 10 x 12, wood floors; Bedroom 2 (Entry level) — 11 x 8, wood floors; Bedroom 3 (Entry level) — approx. 9 wide, wood floors; Bedroom 4 (Second level) — 11 x 11, wood floors
• Flooring: Wood flooring in living areas and bedrooms; Linoleum in kitchen and family room; Ceramic tile in bathrooms
• Bathrooms: 2 full bathrooms; Bathroom on entry level with ceramic floor (approx. 6 x 9); Bathroom on second level with ceramic floor (approx. 7 x 6)
• Heating & cooling: Forced air heating; Central A/C; Natural gas heat/fuel; Gas water heater
• Interior features: Total of 11 rooms; Porch
• Laundry & utility: Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $450 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 9.9% vs local median 6.2% in Hazel Park — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#65 in MI, #1,385 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, schools D.
• Hazel Park School District (suburban): math 10% / reading 24% proficiency, ranked #490 of 540 in MI (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.9%/yr); 135 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).
• This rent runs 33% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Oakland County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 2.9% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 15 sale attempts since 25y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $97k; list at $150k implies a 55% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1919 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1919 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.24% ✓
• Cap rate: 9.89%
• Cash-on-cash: 12.85%
• DSCR: 1.57
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $198,450
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1226 E Bernhard Ave	0.09mi	3/2.5 (-1)	1,464 (-7%)	3mo	$285,000	$195	74
1483 E Evelyn Ave	0.33mi	3/2.0 (-1)	1,500 (-5%)	3mo	$216,500	$144	69
736 E Granet Ave	0.45mi	4/2.0	1,523 (-3%)	7mo	$185,000	$121	67
800 E Bernhard Ave	0.21mi	3/1.0 (-1)	1,390 (-12%)	2mo	$175,000	$126	60
20070 Irvington St	0.59mi	3/1.5 (-1)	1,515 (-4%)	1mo	$89,900	$59	59
1744 E Madge Ave	0.47mi	3/1.0 (-1)	1,439 (-9%)	6mo	$158,000	$110	50
1844 E Jarvis Ave	0.67mi	3/2.5 (-1)	1,723 (+9%)	0mo	$310,000	$180	46
346 E Jarvis Ave	0.67mi	3/1.0 (-1)	1,464 (-7%)	6mo	$175,000	$120	43
20494 Orleans St	0.45mi	3/1.0 (-1)	1,356 (-14%)	6mo	$55,000	$41	42
1451 E Pearl Ave	0.60mi	3/2.0 (-1)	1,787 (+14%)	4mo	$185,299	$104	41
94 W Evelyn Ave	0.68mi	3/2.0 (-1)	1,410 (-10%)	6mo	$198,000	$140	40
305 W Hayes Ave	0.71mi	3/1.5 (-1)	1,365 (-13%)	7mo	$230,000	$168	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.9% rent growth · sell at horizon

5-year hold

• IRR: 2.6%
• Equity multiple: 1.10×
• Total profit: $4,169
• Equity at exit: $22,365

10-year hold

• IRR: 12.1%
• Equity multiple: 1.95×
• Total profit: $39,825
• Equity at exit: $12,969

Cash invested: $42,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48030

• Rents YoY: 2.9%
• Active inventory: 135
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,864 high
• Mortgage (P&I): −$787
• Tax from tax record: −$174 /mo · $2,086/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$391
• Net cashflow: $450

Break-even live

Break-even rent $1,295

Max offer price $150,000

Occupancy floor 71%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1301 E Muir Ave Hazel Park, MI	3.0	2.0	1236	$1,600	$1.29	21d	1	0.16mi
1326 E Evelyn Ave Unit 1032332P Hazel Park, MI	3.0	2.0	1097	$6,448	$5.88	1d	1	0.24mi
20008 Hull St Highland Park, MI	5.0	2.0	1332	$1,600	$1.20	16d	1	0.63mi
329 W Muir Ave Hazel Park, MI	4.0	2.0	1606	$2,000	$1.25	10d	1	0.73mi
19995 Goddard St Detroit, MI	4.0	1.0	1292	$1,400	$1.08	21d	1	0.96mi
1330 E Chesterfield St Ferndale, MI	4.0	2.0	1795	$2,800	$1.56	1d	1	0.97mi
23304 Cayuga Ave Hazel Park, MI	4.0	2.0	1540	$2,150	$1.40	24d	1	0.98mi
23400 Reynolds Ave Hazel Park, MI	3.0	1.0	1305	$1,900	$1.46	4d	1	1.12mi
1820 E Troy St Ferndale, MI	3.0	1.0	1167	$1,500	$1.29	4d	1	1.23mi
2709 Capitol Ave Warren, MI	3.0	2.0	1056	$1,649	$1.56	43d	1	1.33mi
20000 Norwood St Detroit, MI	3.0	1.5	1150	$1,200	$1.04	24d	1	1.42mi

Listing history 7 events

1. 2026-06-18
   days on market $150,000 Active 4 DOM
2. 2026-06-17
   days on market $150,000 Active 3 DOM
3. 2026-06-16
   days on market $150,000 Active 2 DOM
4. 2026-06-15
   listing id $150,000 Active 1 DOM
5. 2026-06-13
   statusdays on market $150,000 Active 1 DOM
6. 2026-06-13
   remarks 699-char remark
7. 2026-06-13
   listed $150,000 Coming Soon 2 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $2,086 · $174/mo
• Projected year-2 tax: $2,198 · $183/mo
• Expected delta: +$112/yr (+$9/mo · 5.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,369
• − Mortgage interest: −$8,402
• − Property taxes: −$2,086
• − Insurance: −$750
• − Repairs & maintenance: −$1,790
• − Management: −$1,790
• − Depreciation: −$4,364
• Taxable income: $3,189
• Est. tax owed @ 24.0%: −$765
• After-tax cash flow: $4,631/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hazel Park School District
• NCES district ID: 2618030
• Math proficiency: 10% ▼ -2.00%
• Reading proficiency: 24% ▲ 1.00%
• Median HH income: $36,181
• Composite: 14.05/100
• National rank: #9466
• State rank: #490 of 540 in MI

Livability — Hazel Park

• Score: 81/100
• State rank: #65
• US rank: #1385

Category grades

Amenities B+ Commute A+ Cost of living A+ Crime B Employment D+ Housing A+ Health & safety B- User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hazel Park, MI
• County: Oakland County · 1,009,092 people
• City population: 14,963
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 14,963
• Household income: $67,073
• Rent vs Own: 33.9% rent · 66.1% own
• Severe rent burden: 432.0

Population outlook (Oakland County) Hauer SSP2

• Today (2025): 1,335,747 people
• By 2030: 1,375,100 · +2.9%
• By 2040: 1,435,385 · +7.5%
• By 2050: 1,469,250 · +10.0%
• By 2075: 1,531,946 · +14.7%
• By 2100: 1,450,485 · +8.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Two or more races 10% Black 10% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Romanian 11% Slovak 3% Lithuanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 5% Arabic 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Oakland

• 2024 margin: D (+10.6) · D 54.4% · R 43.8% · Other 1.9%
• 2008→2024 swing: -3.9pp toward R · 2008: 14.5pp · 2024: 10.6pp
• All cycles: 2024: D+10.6 2020: D+14.1 2016: D+8.1 2012: D+8.1 2008: D+14.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -184.32%
• Current HPI: 285.5923
• Rent YoY: ▲ 2.90%
• Metro: Detroit-Warren-Dearborn, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+177.8% since first listed

53 events — show timeline

• 2026-06-13 Listed $150,000 MiRealSource-MiMLS
• 2026-06-11 Coming Soon $150,000 MiRealSource-MiMLS
• 2026-05-07 Price Changed $189,000 MiRealSource-MiMLS
• 2026-05-07 Listing Removed — REALCOMP
• 2026-05-07 Listing Removed — MiRealSource-MiMLS
• 2026-05-07 Price Changed $189,000 REALCOMP
• 2026-05-03 Price Changed $157,000 MiRealSource-MiMLS
• 2026-05-03 Price Changed $157,000 REALCOMP
• 2026-04-28 Price Changed $167,000 MiRealSource-MiMLS
• 2026-04-28 Price Changed $167,000 REALCOMP
• 2026-04-17 Listed $189,000 MiRealSource-MiMLS
• 2026-04-17 Listed $189,000 REALCOMP
• 2026-04-13 Coming Soon — MiRealSource-MiMLS
• 2026-03-08 Listing Removed — MiRealSource-MiMLS
• 2026-03-08 Listing Removed — REALCOMP
• 2026-03-06 Price Changed $199,000 MiRealSource-MiMLS
• 2026-03-06 Price Changed $199,000 REALCOMP
• 2026-03-01 Price Changed $167,500 MiRealSource-MiMLS
• 2026-03-01 Price Changed $167,500 REALCOMP
• 2026-02-22 Price Changed $168,500 MiRealSource-MiMLS
• 2026-02-21 Price Changed $168,500 REALCOMP
• 2026-02-04 Listed $169,000 MiRealSource-MiMLS
• 2026-02-04 Listed $169,000 REALCOMP
• 2026-02-01 Coming Soon — MiRealSource-MiMLS
• 2025-12-31 Price Changed $200,000 MiRealSource-MiMLS
• 2025-12-30 Price Changed $200,000 REALCOMP
• 2025-12-30 Listing Removed — REALCOMP
• 2025-12-30 Listing Removed — MiRealSource-MiMLS
• 2025-12-27 Price Changed $179,900 MiRealSource-MiMLS
• 2025-12-26 Price Changed $179,900 REALCOMP
• 2025-12-04 Listed $200,000 MiRealSource-MiMLS
• 2025-12-04 Listed $200,000 REALCOMP
• 2025-12-02 Coming Soon — MiRealSource-MiMLS
• 2010-12-14 Listing Removed — MiRealSource-MiMLS
• 2010-12-13 Listing Removed — REALCOMP
• 2010-04-13 Listed $15,000 REALCOMP
• 2010-04-13 Listed $15,000 MiRealSource-MiMLS
• 2005-11-15 Listing Removed — REALCOMP
• 2005-08-15 Listed $129,900 REALCOMP
• 2003-11-17 Sold (Public Records) $96,900 Public Records
• 2003-10-09 Sold (MLS) $96,900 REALCOMP
• 2003-10-09 Sold (MLS) $96,900 MiRealSource-MiMLS
• 2003-09-09 Listing Removed — MiRealSource-MiMLS
• 2003-07-24 Listed $99,900 REALCOMP
• 2003-07-24 Listed $99,900 MiRealSource-MiMLS
• 2003-06-16 Listing Removed — REALCOMP
• 2003-03-17 Listed $94,900 REALCOMP
• 2001-06-29 Sold (MLS) $89,000 MiRealSource-MiMLS
• 2001-06-25 Listing Removed — MiRealSource-MiMLS
• 2001-06-14 Listed $89,900 MiRealSource-MiMLS
• 2001-04-20 Sold (Public Records) $54,000 Public Records
• 2001-04-09 Sold (MLS) $54,000 REALCOMP
• 2001-03-26 Listed $54,000 REALCOMP

Property tax history

+2.5%/yr

Latest (2025): $2,086 · +2.1% YoY. Source: county tax records.