13 Sandridge DrNew AthensIL62264
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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 New Athens at 13 Sandridge Dr, New Athens, IL, 62264 priced at $108,000 converts $821/mo rent into $72/mo cash flow after a $529/mo obligation. Total monthly income equals $821/mo, and annual cash flow totals $858/yr on $35,802 invested. Return on cash invested prints 22.31% in year one, and rental yield reads 9.12% against a $108,000 entry. Equity gained on principal adds $697/yr, while 5% annual appreciation compiles into $29,838 by year five. Five-year ROI reaches 116.73% and total cumulative return in cash sums $41,792. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $821/mo property income covering a $529/mo payment, not borrower’s personal income.
Single Family
Built in 1961
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62264, New Athens, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,403 (100%) |
| Owner Occupied HU | 1,065 (75.9%) |
| Renter Occupied HU | 205 (14.6%) |
| Vacant Housing Units | 133 ( 9.5%) |
| Median Home Value | $228,365 |
| Average Home Value | $269,824 |
Housing Distribution
Address Breakdown
Residential
1,291
Single Family
1,291
Multi-Family
0
Businesses
61
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Listed by: Devin Lohrenz • Keller Williams Pinnacle
Mls Name: MARIS
Mls ID: #26000798