Manchester II Plan, Hanover EstatesManhattanIL60442
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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 Manhattan at Manchester II Plan, Hanover Estates, Manhattan, IL, 60442 priced at $449,990 pairs $4,445/mo rent with $1,324/mo cash flow after a $2,202/mo payment. Total monthly income equals $4,445/mo, and annual cash flow comes to $15,891/yr on $149,172 invested. Return on cash invested is 30.56% in year one, and rental yield stands at 11.85% on a $449,990 basis. Equity gained on principal adds $2,904/yr, and 5% annual appreciation accumulates to $124,324 by year five. Five-year ROI measures 160.97% and total cumulative return in cash reaches $240,123. For financing, Ziffy Mortgage’s DSCR program evaluates $4,445/mo property income against a $2,202/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
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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