24910 S Glidden CirManhattanIL60442
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 24910 S Glidden Cir, Manhattan, IL, 60442 in Manhattan speaks for itself: 15.19% gross on a $420,000 price, generating $5,316/mo in rent and $2,046/mo in net income after the $1,889/mo debt service. DSCR 2.81, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $24,557 stacks alongside $116,038 in projected five-year appreciation and $3,868/yr in principal reduction. Projected total cumulative return: $313,261.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.2% | 8.0% |
| Monthly Cash Flow | $2,046 | $1,500 |
City averages based on Manhattan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,316 |
| Total Monthly Debt Service | $2,779 |
| DSCR Ratio | 1.91x |
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 2019
N/A lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60442, Manhattan, IL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,451
Single Family
4,345
Multi-Family
106
Businesses
189
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 2019
N/A lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60442, Manhattan, IL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,451
Single Family
4,345
Multi-Family
106
Businesses
189
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices