24949 S Clare CirManhattanIL60442
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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 Manhattan at 24949 S Clare Cir, Manhattan, IL, 60442 offers a 8.4% rental yield on a $262,500 purchase with $1,838/mo rent. Total monthly income registers $1,838/mo, and a $1,285/mo payment leaves $17/mo available for distribution. Annual cash flow reaches $205/yr on $87,019 to close, and return on cash invested stands at 20.14% in year one. Equity gained on principal adds $1,694/yr while 5% annual appreciation supports $72,524 over five years. Portfolio math shows five-year ROI at 105.13% and total cumulative return in cash at $91,486. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,838/mo property income against a $1,285/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2006
N/A lot
$N/A/sqft
No 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
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