308 Calla DrManhattanIL60442
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
Investment Highlights
Investment property for sale in Manhattan at 308 Calla Dr, Manhattan, IL, 60442 with 5% annual appreciation on a $409,900 basis while $3,060/mo rent supports operations. Total monthly income totals $3,060/mo and a $2,006/mo payment preserves $217/mo for cash returns. Annual cash flow comes to $2,605/yr on $135,882 deployed, and return on cash invested reaches 21.83% in year one. Equity gained on principal adds $2,645/yr, and five-year appreciation sums $113,248 alongside rental yield of 8.96%. Five-year ROI measures 114.13% and total cumulative return in cash totals $155,080.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,060/mo property income versus a $2,006/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1993
0.26 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices