318 Meadowcrest DrAndoverIL61233
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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 Andover at 318 Meadowcrest Dr, Andover, IL, 61233 priced at $139,900 converts $1,367/mo rent into $396/mo cash flow after a $685/mo obligation. Total monthly income equals $1,367/mo, and annual cash flow totals $4,756/yr on $46,377 invested. Return on cash invested prints 30.17% in year one, and rental yield reads 11.73% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 158.9% and total cumulative return in cash sums $73,695. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,367/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61233, Andover, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 206 (100%) |
| Owner Occupied HU | 174 (84.5%) |
| Renter Occupied HU | 21 (10.2%) |
| Vacant Housing Units | 11 ( 5.3%) |
| Median Home Value | $180,556 |
| Average Home Value | $183,649 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
8
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