1772 Howe LnHanover ParkIL60133
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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 Hanover Park at 1772 Howe Ln, Hanover Park, IL, 60133 earns $723/mo cash flow from $2,741/mo rent with a $1,424/mo payment. Total monthly income totals $2,741/mo, and annual cash flow totals $8,674/yr on $96,467 capital. ROI tracks 28.9% on current figures, and rental yield reads 11.3% at a $291,000 purchase. Equity gained on principal adds $1,878/yr, and 5% annual appreciation supports $80,398 over five years. Five-year ROI reaches 152.03% and total cumulative return in cash sums $146,658. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,741/mo property income instead of your personal income.
Multi Family
Built in 1979
3,485 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60133, Hanover Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,557 (100%) |
| Owner Occupied HU | 8,509 (73.6%) |
| Renter Occupied HU | 2,708 (23.4%) |
| Vacant Housing Units | 340 ( 2.9%) |
| Median Home Value | $276,631 |
| Average Home Value | $286,627 |
Housing Distribution
Address Breakdown
Residential
11,602
Single Family
10,332
Multi-Family
1,270
Businesses
439
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Listed by: Michael Scanlon • eXp Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12351528