9109 S Hanover Hill RdHanoverIL61041
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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
Total monthly income runs $3,554/mo, and a $3,171/mo payment. Purchase price stands at $647,800, and rental yield measures 6.58% with $3,554/mo rent. Return on cash invested shows 14.77% in year one, and 5% annual appreciation builds toward $178,975 over five years. Five-year ROI reaches 76.24% and total cumulative return in cash records $162,487. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,554/mo property income covering a $3,171/mo payment rather than investor’s personal income.
Single Family
Built in 2003
26.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61041, Hanover, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 815 (100%) |
| Owner Occupied HU | 457 (56.1%) |
| Renter Occupied HU | 171 (21.0%) |
| Vacant Housing Units | 187 (22.9%) |
| Median Home Value | $181,944 |
| Average Home Value | $315,175 |
Housing Distribution
Address Breakdown
Residential
429
Single Family
429
Multi-Family
0
Businesses
41
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