1793 McCormick LnHanover ParkIL60133
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hanover Park at 1793 McCormick Ln, Hanover Park, IL, 60133 generates $1,977/mo in rent and, after a $1,363/mo payment, leaves $45/mo in cash flow. Total monthly income is $1,977/mo, and annual cash flow is $545/yr on $92,323 invested. Return on cash invested sits at 20.5% in year one, and rental yield is 8.52% on a $278,500 entry. Equity gained on principal adds $1,797/yr, while 5% annual appreciation builds toward $76,944 over five years. Five-year ROI reaches 107.02% and total cumulative return in cash sums $98,802. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,977/mo property income rather than buyer’s personal income.
Townhouse
Built in 1982
3,500 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Negeen Ahgharian • eXp Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12546567