Hazel Park Investment Analysis

Investment Property in Hazel Park, MI

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Hazel Park, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$184,390

Median

1,098

Avg/Sq.ft.
CASH ON CASH RETURN

6.00%

Traditional

3.00%

Airbnb
NUMBER OF PROPERTIES

148

Investment

376

Airbnb

27

Traditional

27%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

70

Number of homes sold

34

Median days on market

99%

Average sale-to-list price ratio

36%

Percentage of listings with price drops

148

Active listings count

97

New listings count

2.7

Months of supply

Hazel Park, MI Properties Rental Prices

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Investment Properties for Sale in Hazel Park, MI

Investment Properties for Sale
$45,999
MLS 50205784
Hazel Park
Other
N/A beds N/A baths N/A sq.ft.
CAP RATE Trad. 9.83% Airbnb 10.59%
Investment Properties for Sale
$99,900
MLS 60990456
Hazel Park
Single Family Residential
3 beds 1 baths 906 sq.ft.
CAP RATE Trad. 9.12% Airbnb 8.62%
Investment Properties for Sale
$234,900
MLS 26016932
Hazel Park
Single Family Residential
5 beds 2 baths 1,340 sq.ft.
CAP RATE Trad. 6.84% Airbnb 8.06%
Investment Properties for Sale
$89,999
MLS 60979866
Hazel Park
Single Family Residential
3 beds 1 baths 850 sq.ft.
CAP RATE Trad. 12.58% Airbnb 8.19%
Investment Properties for Sale
$139,900
MLS 25020528
Hazel Park
Single Family Residential
4 beds 1 baths 1,241 sq.ft.
CAP RATE Trad. 8.80% Airbnb 6.74%
Investment Properties for Sale
$124,000
MLS 60969228
Hazel Park
Single Family Residential
3 beds 1 baths 875 sq.ft.
CAP RATE Trad. 6.98% Airbnb 6.45%
Investment Properties for Sale
$134,900
MLS 61012868
Hazel Park
Single Family Residential
3 beds 1 baths 976 sq.ft.
CAP RATE Trad. 9.18% Airbnb 5.88%
Investment Properties for Sale
$135,000
MLS 61013522
Hazel Park
Single Family Residential
3 beds 1 baths 974 sq.ft.
CAP RATE Trad. 6.73% Airbnb 5.72%

Single Family Houses for Sale in Hazel Park, MI

Investment Properties for Sale
$99,900
MLS 60990456
Hazel Park
Single Family Residential
3 beds 1 baths 906 sq.ft.
CAP RATE Trad. 9.12% Airbnb 8.62%
Investment Properties for Sale
$234,900
MLS 26016932
Hazel Park
Single Family Residential
5 beds 2 baths 1,340 sq.ft.
CAP RATE Trad. 6.84% Airbnb 8.06%
Investment Properties for Sale
$89,999
MLS 60979866
Hazel Park
Single Family Residential
3 beds 1 baths 850 sq.ft.
CAP RATE Trad. 12.58% Airbnb 8.19%
Investment Properties for Sale
$139,900
MLS 25020528
Hazel Park
Single Family Residential
4 beds 1 baths 1,241 sq.ft.
CAP RATE Trad. 8.80% Airbnb 6.74%
Investment Properties for Sale
$124,000
MLS 60969228
Hazel Park
Single Family Residential
3 beds 1 baths 875 sq.ft.
CAP RATE Trad. 6.98% Airbnb 6.45%
Investment Properties for Sale
$134,900
MLS 61012868
Hazel Park
Single Family Residential
3 beds 1 baths 976 sq.ft.
CAP RATE Trad. 9.18% Airbnb 5.88%
Investment Properties for Sale
$135,000
MLS 61013522
Hazel Park
Single Family Residential
3 beds 1 baths 974 sq.ft.
CAP RATE Trad. 6.73% Airbnb 5.72%
Investment Properties for Sale
$139,000
MLS 60996114
Hazel Park
Single Family Residential
3 beds 1 baths 1,019 sq.ft.
CAP RATE Trad. 6.74% Airbnb 5.48%

Top Hazel Park, MI Neighborhoods - Real Estate Market Analysis

Hazel Park
PROPERTY PRICE

$229,000

Median for city
CAP RATE

5.47%

Traditional

6.47%

Airbnb
RENTAL INCOME

$ 1,565

Traditional

$ 1,604

Airbnb

50%

Airbnb occupancy rate

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Short Term Rentals For Sale

Airbnb Vacation Rentals in Hazel Park, MI

Wonderful Downtown Ferndale Apt**Superb Location**
$81 per night Airbnb occupancy rate 70%
Apartment 1 · 1 · 2
Rental Income: $1,728 per month
4.95
812
3 Bed Cozy Home - Downtown Ferndale, MI
$118 per night Airbnb occupancy rate 53%
House 3 · 1 · 7
Rental Income: $1,908 per month
4.78
471
NEWLY RENOVATED. Minutes from DWTN Royal Oak!
$148 per night Airbnb occupancy rate 42%
House 3 · 2 · 6
Rental Income: $1,875 per month
4.94
390
NearEverything65”TVNewAppliancesKingBedsFenced4B2B
$200 per night Airbnb occupancy rate 22%
House 4 · 2 · 9
Rental Income: $1,367 per month
4.78
377
Scandi 3BR Near Ferndale + Detroit
$101 per night Airbnb occupancy rate 40%
House 3 · 0 · 6
Rental Income: $1,237 per month
4.76
364
Hygge House - 5min walk to Energetic DT RO
$121 per night Airbnb occupancy rate 60%
Apartment 1 · 1 · 4
Rental Income: $2,218 per month
4.97
351
Cozy, remodeled bungalow near downtown Ferndale
$145 per night Airbnb occupancy rate 37%
House 2 · 0 · 4
Rental Income: $1,643 per month
4.93
320
FD OASIS-Walk DT Ferndale-close to all action
$89 per night Airbnb occupancy rate 30%
Guest suite 1 · 0 · 3
Rental Income: $816 per month
4.93
307

Real Estate Investment Analysis - Other Cities in michigan

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
Clinton Township $259,900 5% 1% $1,927 $1,239 161 21%
Redford $170,000 6% 1% $1,390 $1,077 155 21%
Garden City $230,000 5% 1% $1,540 $1,134 110 21%
View all michigan cities

Vacation Rentals for Sale in michigan

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