6971 Hanover StHanover 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 6971 Hanover St, Hanover Park, IL, 60133 generates $2,632/mo in rent and, after a $1,640/mo payment, leaves $308/mo in cash flow. Total monthly income is $2,632/mo, and annual cash flow is $3,696/yr on $111,053 invested. Return on cash invested sits at 23.24% in year one, and rental yield is 9.43% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 121.7% and total cumulative return in cash sums $135,152. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,632/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
9,108 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: James Rauscher • HomeSmart Connect LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12521606