276 W 2nd StMantenoIL60950
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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 Manteno at 276 W 2nd St, Manteno, IL, 60950 generates $1,905/mo in rent and, after a $905/mo payment, leaves $622/mo in cash flow. Total monthly income is $1,905/mo, and annual cash flow is $7,467/yr on $61,328 invested. Return on cash invested sits at 32.09% in year one, and rental yield is 12.36% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 169.18% and total cumulative return in cash sums $103,755. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,905/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
4,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60950, Manteno, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,170 (100%) |
| Owner Occupied HU | 3,763 (72.8%) |
| Renter Occupied HU | 1,125 (21.8%) |
| Vacant Housing Units | 282 ( 5.5%) |
| Median Home Value | $256,480 |
| Average Home Value | $267,872 |
Housing Distribution
Address Breakdown
Residential
4,993
Single Family
4,416
Multi-Family
577
Businesses
348
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