608 Rainbow DrAthensIL62613
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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 Athens at 608 Rainbow Dr, Athens, IL, 62613 offers $1,820/mo rent that, after a $1,025/mo payment, leaves $367/mo cash flow. Total monthly income is $1,820/mo, and annual cash flow is $4,409/yr on $69,430 cash. Return on cash invested measures 26.26% in year one, and rental yield stands at 10.43% at a $209,442 entry. Equity gained on principal adds $1,352/yr while 5% annual appreciation compounds into $57,865 by year five. Five-year ROI records 137.92% and total cumulative return in cash reaches $95,756. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,820/mo property income versus a $1,025/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62613, Athens, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,590 (100%) |
| Owner Occupied HU | 1,243 (78.2%) |
| Renter Occupied HU | 251 (15.8%) |
| Vacant Housing Units | 96 ( 6.0%) |
| Median Home Value | $198,072 |
| Average Home Value | $234,916 |
Housing Distribution
Address Breakdown
Residential
1,486
Single Family
1,486
Multi-Family
0
Businesses
73
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Listed by: Jamie Williams • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035094
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.