2805 Scenic Lake 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 2805 Scenic Lake Dr, New Athens, IL, 62264 generates $2,728/mo in rent and, after a $1,591/mo payment, leaves $473/mo in cash flow. Total monthly income is $2,728/mo, and annual cash flow is $5,681/yr on $107,738 invested. Return on cash invested sits at 25.18% in year one, and rental yield is 10.07% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 132.11% and total cumulative return in cash sums $142,333. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,728/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.50 Acres 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: Cheyenne Hughes • RE/MAX Preferred
Mls Name: MARIS
Mls ID: #25065941