2287 W Hanover RdHanoverIL61041
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
Total monthly income runs $2,564/mo, and a $5,873/mo payment. Purchase price stands at $1,200,000, and rental yield measures 2.56% with $2,564/mo rent. Return on cash invested shows 2.6% in year one, and 5% annual appreciation builds toward $331,538 over five years. Five-year ROI reaches 10.9% and total cumulative return in cash records $42,371. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,564/mo property income covering a $5,873/mo payment rather than investor’s personal income.
Single Family
Built in 1900
43.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61041, Hanover, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 815 (100%) |
| Owner Occupied HU | 457 (56.1%) |
| Renter Occupied HU | 171 (21.0%) |
| Vacant Housing Units | 187 (22.9%) |
| Median Home Value | $181,944 |
| Average Home Value | $315,175 |
Housing Distribution
Address Breakdown
Residential
429
Single Family
429
Multi-Family
0
Businesses
41
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices