156 Hanover LnMurphysboroIL62966
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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 Murphysboro at 156 Hanover Ln, Murphysboro, IL, 62966 offers $2,315/mo rent that, after a $1,590/mo payment, leaves $62/mo cash flow. Total monthly income is $2,315/mo, and annual cash flow is $740/yr on $107,704 cash. Return on cash invested measures 20.6% in year one, and rental yield stands at 8.55% at a $324,900 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,764 by year five. Five-year ROI records 107.52% and total cumulative return in cash reaches $115,805. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,315/mo property income versus a $1,590/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
1.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62966, Murphysboro, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,343 (100%) |
| Owner Occupied HU | 4,211 (57.3%) |
| Renter Occupied HU | 1,983 (27.0%) |
| Vacant Housing Units | 1,149 (15.6%) |
| Median Home Value | $124,798 |
| Average Home Value | $162,091 |
Housing Distribution
Address Breakdown
Residential
6,477
Single Family
6,245
Multi-Family
232
Businesses
487
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Listed by: Katarena Moroz • KELLER WILLIAMS PINNACLE
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB460283