Redwood Plan, Prairie TrailsManhattanIL60442
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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 Redwood Plan, Prairie Trails, Manhattan, IL, 60442 offers $3,127/mo rent that, after a $2,056/mo payment, leaves $214/mo cash flow. Total monthly income is $3,127/mo, and annual cash flow is $2,562/yr on $139,227 cash. Return on cash invested measures 21.75% in year one, and rental yield stands at 8.93% at a $419,990 entry. Equity gained on principal adds $2,710/yr while 5% annual appreciation compounds into $116,035 by year five. Five-year ROI records 113.7% and total cumulative return in cash reaches $158,296. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,127/mo property income versus a $2,056/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and 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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