1040 E Bernhard Ave · Hazel Park, MI 48030

$134,900

3 bd · 1.0 ba · 976 sqft · SingleFamily public records · 151 Days on market

Built 1958 4,356 sqft lot Est $148k · 9% under

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Why this score? — see what drove the C+ 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 +25.2/30.0
• ARV discount +11.6/15.0
• DSCR +8.3/10.0
• 1% rule +6.5/10.0
• 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 MLS

Great brick and vinyl-sided ranch with nearly 1000 sq ft includes all appliances and is ready to move in. This cute little home features an eat-in kitchen area and 1 car garage and fenced-in yard that's great for our four-legged friends. Vinyl windows means no drafty windows and lower heat bills in the winter. The back yard features a covered chill spot perfect for coffee in the AM or a beverage in the evening, or just chumming around with the pets! This home is ideal for your portfolio (check the rent rates in HP!) or your new slice of the American Dream. Be part of the new Hazel Park, as you are minutes away from Mabel Gray, Viking Ice Arena, Bar Gabi, House of Shamrocks and Loui's Pizza! You're also minutes away from the downtown areas Ferndale, Royal Oak and Detroit, as I-75 & 696 are within 3 minutes. This IS the center of it all in Metro Detroit. Come and be part of it!

Key facts

• Vinyl windows
• Fenced-in yard
• 4,356 sq ft lot

Tags

• FENCED-IN YARD
• VINYL WINDOWS
• MINUTES FROM DOWNTOWN FERNDALE
• MINUTES FROM DOWNTOWN DETROIT

Property features AI

Finance

• Other: Lot dimensions approximately 40 x 107.5 (about 0.1 acre); Directions: Take I‑75 or Woodward Ave to 9 Mile Rd, head east to Russell, south to Bernhard and make right; property is on the left
• HOA & community: Sidewalks in the community

Exterior

• Parking: Detached 1‑car garage
• Utilities: Public water; Public sewer; Natural gas
• Home design: Single‑family residence; One story; Ground level entry with steps
• Construction: Brick, vinyl siding and other exterior materials; Block foundation; Asphalt roof; Built with approximately 976 square feet above grade
• Exterior features: Porch; Fenced yard; Paved road frontage

Interior

• Kitchen: Free‑standing gas range; Free‑standing refrigerator; Gas water heater
• Bedrooms: 6 total rooms (bedrooms included in room count)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central air
• Interior features: Ceiling fan(s); Gas water heater; Crawl space basement; Lighting
• Laundry & utility: Laundry room with washer hookup; Electric dryer hookup; Washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $302 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% 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; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 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.

Negotiation context

• It's been on market 151 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 23y 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 $30k; list at $135k implies a 350% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $118,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 151 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.15% ✓
• Cap rate: 8.98%
• Cash-on-cash: 9.58%
• DSCR: 1.43
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $148,352
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1218 E Milton Ave	0.10mi	3/1.0	1,021 (+5%)	1mo	$155,000	$152	87
21330 Caledonia Ave	0.22mi	3/1.5	898 (-8%)	1mo	$175,000	$195	73
20747 Caledonia Ave	0.30mi	3/1.0	909 (-7%)	2mo	$144,900	$159	73
1107 E Muir Ave	0.19mi	3/1.0	1,081 (+11%)	1mo	$147,900	$137	72
1032 E Maxlow Ave	0.11mi	2/1.5 (-1)	867 (-11%)	1mo	$185,000	$213	69
20401 Greeley St	0.48mi	3/1.0	928 (-5%)	1mo	$55,000	$59	69
128 W Muir Ave	0.64mi	3/1.0	966 (-1%)	2mo	$132,500	$137	66
145 W Bernhard Ave	0.63mi	2/1.0 (-1)	968 (-1%)	2mo	$60,000	$62	63
1644 E Goulson Ave	0.72mi	3/1.0	952 (-2%)	0mo	$139,950	$147	62
720 E Robert Ave	0.56mi	3/1.0	1,056 (+8%)	2mo	$150,000	$142	59
1004 E Otis Ave	0.57mi	3/1.0	1,072 (+10%)	2mo	$198,000	$185	55
352 E Goulson Ave	0.73mi	2/1.0 (-1)	924 (-5%)	2mo	$216,000	$234	50

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: -2.0%
• Equity multiple: 0.93×
• Total profit: $-2,788
• Equity at exit: $20,114

10-year hold

• IRR: 7.6%
• Equity multiple: 1.58×
• Total profit: $21,735
• Equity at exit: $11,664

Cash invested: $37,772 (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: 7.3×

Monthly cashflow live

• Estimated rent: $1,545 high
• Mortgage (P&I): −$707
• Tax from tax record: −$155 /mo · $1,865/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $302

Break-even live

Break-even rent $1,163

Max offer price $134,900

Occupancy floor 75%

Sensitivity live

Price	-10% $378	-5% $340	+0% $302	+5% $263	+10% $225
Rent	-10% $180	-5% $241	+0% $302	+5% $363	+10% $424
Rate	-1.0pp $370	-0.5pp $336	base $302	+0.5pp $267	+1.0pp $231

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1211 E Bernhard Ave Hazel Park, MI	2.0	1.0	721	$1,500	$2.08	24d	1	0.05mi
1019 E Hayes Ave Unit 1032331P Hazel Park, MI	3.0	1.0	1033	$5,301	$5.13	2d	1	0.10mi
1326 E Evelyn Ave Unit 1032332P Hazel Park, MI	3.0	2.0	1097	$6,448	$5.88	2d	1	0.18mi
1621 E Evelyn Ave Hazel Park, MI	2.0	1.0	749	$1,295	$1.73	18d	1	0.35mi
407 E Hayes Ave Hazel Park, MI	3.0	1.0	1000	$1,750	$1.75	24d	1	0.41mi
21516 Dequindre Rd Warren, MI	1.0–2.0	1.0	837	$1,375	$1.64	22d	1	0.57mi
2034 John B Ave Warren, MI	3.0	1.0	920	$1,261	$1.37	44d	1	0.59mi
1731 E Pearl Ave Hazel Park, MI	3.0	1.0	844	$1,500	$1.78	21d	1	0.61mi
90 W Meyers Ave Hazel Park, MI	2.0	1.0	831	$1,800	$2.17	24d	1	0.68mi
155 W George Ave Hazel Park, MI	2.0	1.0	725	$1,000	$1.38	24d	1	0.69mi
21155 Warner Ave Warren, MI	2.0	1.0	756	$1,029	$1.36	24d	1	0.83mi
23115 Tawas Ave Hazel Park, MI	2.0	1.0	706	$1,375	$1.95	24d	1	0.88mi
23077 Davey Ave Hazel Park, MI	3.0	1.0	933	$1,895	$2.03	24d	1	0.89mi
1561 E Webster St Ferndale, MI	2.0	1.0	939	$1,600	$1.70	24d	1	0.91mi
19703 Keating St Highland Park, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	0.93mi
266 W Goulson Ave Hazel Park, MI	3.0	1.0	942	$1,600	$1.70	22d	1	0.95mi
23345 Tawas Ave Hazel Park, MI	3.0	1.0	1000	$1,550	$1.55	11d	1	0.98mi
20255 Harned St Detroit, MI	3.0	1.0	1000	$1,374	$1.37	17d	1	1.04mi
2023 Ardmore Dr Ferndale, MI	2.0	1.0	771	$1,250	$1.62	24d	1	1.06mi
23773 Hazelwood Ave Hazel Park, MI	2.0	1.0	671	$1,400	$2.09	13d	1	1.18mi
1045 E Woodward Heights Blvd Hazel Park, MI	1.0–2.0	1.0	715	$1,209	$1.69	24d	3	1.26mi
1770 E Woodward Heights Blvd Hazel Park, MI	1.0–2.0	1.0	712	$1,400	$1.96	5d	1	1.27mi
1770 E Woodward Heights Blvd Hazel Park, MI	2.0	1.0	850	$1,525	$1.79	13d	1	1.27mi
1770 E Woodward Heights Blvd Unit E3 Hazel Park, MI	2.0	1.0	850	$1,300	$1.53	24d	1	1.27mi
2709 Capitol Ave Warren, MI	3.0	2.0	1056	$1,649	$1.56	44d	1	1.28mi
790 Jewell St Ferndale, MI	2.0	1.0	800	$1,445	$1.81	24d	1	1.32mi
19694 Gallagher St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	15d	1	1.41mi
18882 Marx St Highland Park, MI	2.0	1.0	1000	$1,300	$1.30	44d	1	1.42mi

Listing history 41 events

1. 2026-06-18
   days on market $134,900 Active 151 DOM
2. 2026-06-17
   days on market $134,900 Active 150 DOM
3. 2026-06-16
   days on market $134,900 Active 149 DOM
4. 2026-06-15
   days on market $134,900 Active 148 DOM
5. 2026-06-13
   days on market $134,900 Active 146 DOM
6. 2026-06-13
   days on market $134,900 Active 145 DOM
7. 2026-06-09
   days on market $134,900 Active 142 DOM
8. 2026-06-08
   days on market $134,900 Active 141 DOM
9. 2026-06-07
   days on market $134,900 Active 140 DOM
10. 2026-06-04
    days on market $134,900 Active 137 DOM
11. 2026-06-03
    days on market $134,900 Active 136 DOM
12. 2026-06-02
    days on market $134,900 Active 135 DOM
13. 2026-06-01
    days on market $134,900 Active 134 DOM
14. 2026-05-31
    days on market $134,900 Active 133 DOM
15. 2026-03-12
    price $134,900 894-char remark

    Show marketing remark (894 chars)

    Great brick and vinyl-sided ranch with nearly 1000 sq ft includes all appliances and is ready to move in. This cute little home features an eat-in kitchen area and 1 car garage and fenced-in yard that's great for our four-legged friends. Vinyl windows means no drafty windows and lower heat bills in the winter. The back yard features a covered chill spot perfect for coffee in the AM or a beverage in the evening, or just chumming around with the pets! This home is ideal for your portfolio (check the rent rates in HP!) or your new slice of the American Dream. Be part of the new Hazel Park, as you are minutes away from Mabel Gray, Viking Ice Arena, Bar Gabi, House of Shamrocks and Loui's Pizza! You're also minutes away from the downtown areas Ferndale, Royal Oak and Detroit, as I-75 & 696 are within 3 minutes. This IS the center of it all in Metro Detroit. Come and be part of it!

16. 2026-03-12
    price $134,900

    Show marketing remark (894 chars)

    Great brick and vinyl-sided ranch with nearly 1000 sq ft includes all appliances and is ready to move in. This cute little home features an eat-in kitchen area and 1 car garage and fenced-in yard that's great for our four-legged friends. Vinyl windows means no drafty windows and lower heat bills in the winter. The back yard features a covered chill spot perfect for coffee in the AM or a beverage in the evening, or just chumming around with the pets! This home is ideal for your portfolio (check the rent rates in HP!) or your new slice of the American Dream. Be part of the new Hazel Park, as you are minutes away from Mabel Gray, Viking Ice Arena, Bar Gabi, House of Shamrocks and Loui's Pizza! You're also minutes away from the downtown areas Ferndale, Royal Oak and Detroit, as I-75 & 696 are within 3 minutes. This IS the center of it all in Metro Detroit. Come and be part of it!

17. 2026-01-19
    listed $139,900 Active
18. 2026-01-18
    listed $139,900 Active 894-char remark

    Show marketing remark (894 chars)

    Great brick and vinyl-sided ranch with nearly 1000 sq ft includes all appliances and is ready to move in. This cute little home features an eat-in kitchen area and 1 car garage and fenced-in yard that's great for our four-legged friends. Vinyl windows means no drafty windows and lower heat bills in the winter. The back yard features a covered chill spot perfect for coffee in the AM or a beverage in the evening, or just chumming around with the pets! This home is ideal for your portfolio (check the rent rates in HP!) or your new slice of the American Dream. Be part of the new Hazel Park, as you are minutes away from Mabel Gray, Viking Ice Arena, Bar Gabi, House of Shamrocks and Loui's Pizza! You're also minutes away from the downtown areas Ferndale, Royal Oak and Detroit, as I-75 & 696 are within 3 minutes. This IS the center of it all in Metro Detroit. Come and be part of it!

19. 2024-06-11
    historical $1,300
20. 2024-05-21
    listed $1,300
21. 2024-05-14
    historical $1,300
22. 2024-04-17
    listed $1,300
23. 2014-04-09
    historical
24. 2014-04-09
    historical
25. 2014-02-01
    historical
26. 2013-12-23
    listed $45,000
27. 2013-12-23
    listed $45,000
28. 2013-09-23
    soldstatus $30,000
29. 2013-09-23
    soldstatus $30,000
30. 2013-09-16
    historical
31. 2013-09-16
    historical
32. 2013-09-04
    listed $30,000
33. 2013-09-04
    listed $30,000
34. 2013-08-01
    listed $795
35. 2003-06-27
    soldstatus $64,900
36. 2003-06-27
    soldstatus $64,900
37. 2003-05-02
    historical
38. 2003-04-17
    listed $74,900
39. 2003-04-17
    listed $74,900
40. 2003-03-17
    historical
41. 2003-03-12
    listed $74,900

ⓘ 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: $1,865 · $155/mo
• Projected year-2 tax: $1,971 · $164/mo
• Expected delta: +$106/yr (+$9/mo · 5.7%)

ⓘ 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 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,542
• − Mortgage interest: −$7,556
• − Property taxes: −$1,865
• − Insurance: −$674
• − Repairs & maintenance: −$1,483
• − Management: −$1,483
• − Depreciation: −$3,924
• Taxable income: $1,555
• Est. tax owed @ 24.0%: −$373
• After-tax cash flow: $3,246/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

+80.1% since first listed

27 events — show timeline

• 2026-03-12 Price Changed $134,900 MiRealSource-MiMLS
• 2026-03-12 Price Changed $134,900 REALCOMP
• 2026-01-19 Listed $139,900 REALCOMP
• 2026-01-18 Listed $139,900 MiRealSource-MiMLS
• 2024-06-11 Rental Removed $1,300 REALSOURCE
• 2024-05-21 Listed for Rent $1,300 REALSOURCE
• 2024-05-14 Rental Removed $1,300 REALSOURCE
• 2024-04-17 Listed for Rent $1,300 REALSOURCE
• 2014-04-09 Listing Removed — REALCOMP
• 2014-04-09 Listing Removed — MiRealSource-MiMLS
• 2014-02-01 Listing Removed — MiRealSource-MiMLS
• 2013-12-23 Listed $45,000 REALCOMP
• 2013-12-23 Listed $45,000 MiRealSource-MiMLS
• 2013-09-23 Sold (MLS) $30,000 REALCOMP
• 2013-09-23 Sold (MLS) $30,000 MiRealSource-MiMLS
• 2013-09-16 Listing Removed — REALCOMP
• 2013-09-16 Listing Removed — MiRealSource-MiMLS
• 2013-09-04 Listed $30,000 REALCOMP
• 2013-09-04 Listed $30,000 MiRealSource-MiMLS
• 2013-08-01 Listed $795 MiRealSource-MiMLS
• 2003-06-27 Sold (MLS) $64,900 MiRealSource-MiMLS
• 2003-06-27 Sold (MLS) $64,900 REALCOMP
• 2003-05-02 Listing Removed — MiRealSource-MiMLS
• 2003-04-17 Listed $74,900 MiRealSource-MiMLS
• 2003-04-17 Listed $74,900 REALCOMP
• 2003-03-17 Listing Removed — REALCOMP
• 2003-03-12 Listed $74,900 REALCOMP

Property tax history

+2.5%/yr

Latest (2025): $1,865 · +2.1% YoY. Source: county tax records.