16 Sandridge DrNew AthensIL62264
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
Investment Highlights
Rental property for sale in New Athens at 16 Sandridge Dr, New Athens, IL, 62264 priced at $105,000 converts $793/mo rent into $65/mo cash flow after a $514/mo obligation. Total monthly income equals $793/mo, and annual cash flow totals $775/yr on $34,808 invested. Return on cash invested prints 22.14% in year one, and rental yield reads 9.06% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 115.81% and total cumulative return in cash sums $40,310. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $793/mo property income covering a $514/mo payment, not borrower’s personal income.
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