477 Water Tower Rd NMantenoIL60950
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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 Manteno at 477 Water Tower Rd N, Manteno, IL, 60950 with 5% annual appreciation on a $237,477 basis while $1,878/mo rent supports operations. Total monthly income totals $1,878/mo and a $1,162/mo payment preserves $231/mo for cash returns. Annual cash flow comes to $2,774/yr on $78,724 deployed, and return on cash invested reaches 23.43% in year one. Equity gained on principal adds $1,532/yr, and five-year appreciation sums $65,611 alongside rental yield of 9.49%. Five-year ROI measures 122.77% and total cumulative return in cash totals $96,650.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,878/mo property income versus a $1,162/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1998
8,703 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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