8138 N Carrolton CtHanover 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 8138 N Carrolton Ct, Hanover Park, IL, 60133 generates $2,274/mo in rent, after a $1,776/mo payment. Total monthly income is $2,274/mo. Return on cash invested sits at 17.49% in year one, and rental yield is 7.52% on a $362,900 entry. Equity gained on principal adds $2,342/yr, while 5% annual appreciation builds toward $100,263 over five years. Five-year ROI reaches 90.86% and total cumulative return in cash sums $109,304. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,274/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
9,404 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: Barbara Kieca • Hometown Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12486977