7611 Hearth DrHanover 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
Investment property for sale in Hanover Park at 7611 Hearth Dr, Hanover Park, IL, 60133 at $289,900 posts ROI 27.8% with $632/mo cash flow from $2,873/mo rent. Total monthly income equals $2,873/mo, and annual cash flow records $7,585/yr on $96,102 to close. Return on cash invested measures 27.8% and rental yield reads 11.89% at the current $289,900. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 by year five. Five-year ROI prints 147.24% and total cumulative return in cash totals $141,501.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,873/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1978
1,998 sqft lot
$N/A/sqft
$230 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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Nearby investment properties with comparable prices
Listed by: Indravadan Mehta • Century 21 ABC Schiro
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12223061
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)