7893 Ramsgate Cir NHanover ParkIL60133
INVESTMENT ANALYSIS
Investment Verdict
Solid Income7893 Ramsgate Cir N, Hanover Park, IL, 60133 in Hanover Park is a solid income-producing rental, 9.18% gross yield, $2,868/mo rent, $251/mo net cash flow on a $374,888 buy. DSCR 1.70 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $103,575 and $3,453/yr in principal reduction project a total cumulative return of $160,591.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.0% |
| Monthly Cash Flow | $251 | $200 |
City averages based on Hanover Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,868 |
| Total Monthly Debt Service | $2,451 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1968
8,712 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
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 1968
8,712 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices