6256 Kit Carson Dr #1615-3Hanover 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
Rental property for sale in Hanover Park at 6256 Kit Carson Dr #1615-3, Hanover Park, IL, 60133 generates $2,662/mo in rent and, after a $1,197/mo payment, leaves $764/mo in cash flow. Total monthly income is $2,662/mo, and annual cash flow is $9,163/yr on $81,085 invested. Return on cash invested sits at 31.21% in year one, and rental yield is 13.06% on a $244,600 entry. Equity gained on principal adds $1,578/yr, while 5% annual appreciation builds toward $67,578 over five years. Five-year ROI reaches 165.52% and total cumulative return in cash sums $134,215. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,662/mo property income rather than buyer’s personal income.
Condo
Built in 1979
10.83 Acres lot
$N/A/sqft
$202 monthly 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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