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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% |
Rental property for sale in Manteno at 416 Stonegate Way, Manteno, IL, 60950 priced at $259,900 converts $3,700/mo rent into $1,662/mo cash flow after a $1,272/mo obligation. Total monthly income equals $3,700/mo, and annual cash flow totals $19,948/yr on $86,157 invested. Return on cash invested prints 43.06% in year one, and rental yield reads 17.08% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 229.2% and total cumulative return in cash sums $197,470. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,700/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Townhouse
Built in 1998
N/A lot
$N/A/sqft
$235 monthly HOA
Neighborhood data shown for ZIP Code: 60950, Manteno, IL area.
| 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 |
Residential
4,993
Single Family
4,416
Multi-Family
577
Businesses
348
Date | Event | Price |
|---|---|---|
| 2024-09-14 | Listed for sale | $259,900 |
| 2000-08-04 | Sold | $132,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-16 | $3612.68 | -5.57% | $57,923 | 12.85% |
| 2022-09-16 | $3825.58 | -1.43% | $51,327 | 2.78% |
| 2021-09-16 | $3881.02 | -14.50% | $49,939 | 4.14% |
Listed by: Dawn Olson • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12164238
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. 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](/info/mls-disclaimers/#mls_17)
