8027 Northway DrHanover 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
Investment property for sale in Hanover Park at 8027 Northway Dr, Hanover Park, IL, 60133 uses $110,290 cash to close to unlock $2,041/yr annual cash flow and $170/mo monthly cash flow. Total monthly income runs $2,654/mo, and a $1,628/mo payment keeps the spread at $170/mo. Purchase price stands at $332,700, and rental yield measures 9.57% with $2,654/mo rent. Return on cash invested shows 21.76% in year one, and 5% annual appreciation builds toward $91,919 over five years. Five-year ROI reaches 114.49% and total cumulative return in cash records $126,270. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,654/mo property income covering a $1,628/mo payment rather than investor’s personal income.
Single Family
Built in 1971
7,800 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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