6163 S Blanding RdHanoverIL61041
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 1.15% gross rental yield, 6163 S Blanding Rd, Hanover, IL, 61041 in Hanover is priced for capital growth, not immediate cash flow. The $1,899,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $524,659 by year five, with $17,490/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.21) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.2% | 6.0% |
| Monthly Cash Flow | $(11,345) | $300 |
City averages based on Hanover market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,826 |
| Total Monthly Debt Service | $12,416 |
| DSCR Ratio | 0.15x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2021
156.10 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
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
Single Family
Built in 2021
156.10 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