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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Manhattan at 14415 Butternut Ridge Dr, Manhattan, IL, 60442 offers a 9.01% rental yield on a $445,000 purchase with $3,341/mo rent. Total monthly income registers $3,341/mo, and a $2,178/mo payment leaves $254/mo available for distribution. Annual cash flow reaches $3,053/yr on $147,518 to close, and return on cash invested stands at 21.98% in year one. Equity gained on principal adds $2,872/yr while 5% annual appreciation supports $122,945 over five years. Portfolio math shows five-year ROI at 114.93% and total cumulative return in cash at $169,544. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,341/mo property income against a $2,178/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 60442, Manhattan, IL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,883 (100%) |
| Owner Occupied HU | 4,330 (88.7%) |
| Renter Occupied HU | 384 ( 7.9%) |
| Vacant Housing Units | 169 ( 3.5%) |
| Median Home Value | $376,802 |
| Average Home Value | $413,287 |
Residential
4,451
Single Family
4,345
Multi-Family
106
Businesses
189
Date | Event | Price |
|---|---|---|
| 2025-07-11 | Sold | $445,000 |
| 2025-06-03 | Contingent | $439,900 |
| 2025-05-15 | Listed for sale | $439,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
Unfinished
Listed by: Brent Wilk • Wilk Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12366937
Disclaimer: Based on information submitted to the MLS GRID as of 2025. 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](/mls-disclaimers/#17)
