16 Sandridge DrNew AthensIL62264
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 16 Sandridge Dr, New Athens, IL, 62264 in New Athens at $105,000 earns $793/mo in rent and nets $65/mo after the $472/mo payment, a 9.06% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $29,010 over five years. Ziffy Mortgage underwrites this on a 1.68 DSCR without U.S. credit history. With $967/yr in principal paydown, total projected return reaches $44,343.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 7.2% |
| Monthly Cash Flow | $65 | $350 |
City averages based on New Athens market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $793 |
| Total Monthly Debt Service | $687 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1960
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda R Frierdich • Century 21 Advantage
Mls Name: MARIS
Mls ID: #25060804