723 Kenton DrCharlestonIL61920
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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 Charleston at 723 Kenton Dr, Charleston, IL, 61920 priced at $159,000 converts $1,649/mo rent into $546/mo cash flow after a $778/mo obligation. Total monthly income equals $1,649/mo, and annual cash flow totals $6,556/yr on $52,709 invested. Return on cash invested prints 32.35% in year one, and rental yield reads 12.45% against a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation compiles into $43,929 by year five. Five-year ROI reaches 170.57% and total cumulative return in cash sums $89,904. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,649/mo property income covering a $778/mo payment, not borrower’s personal income.
Single Family
Built in 1962
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61920, Charleston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,918 (100%) |
| Owner Occupied HU | 4,689 (47.3%) |
| Renter Occupied HU | 3,790 (38.2%) |
| Vacant Housing Units | 1,439 (14.5%) |
| Median Home Value | $156,599 |
| Average Home Value | $197,069 |
Housing Distribution
Address Breakdown
Residential
9,340
Single Family
7,831
Multi-Family
1,509
Businesses
683
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Listed by: Karol Scrimager • Century 21 KIMA Properties
Mls Name: CIBR
Mls Provider:
Mls ID: #6252860
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.