904 W Meadow LnAthensIL62613
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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 Athens at 904 W Meadow Ln, Athens, IL, 62613 priced at $224,900 converts $4,513/mo rent into $2,953/mo cash flow after a $1,101/mo obligation. Total monthly income equals $4,513/mo, and annual cash flow totals $35,434/yr on $74,554 invested. Return on cash invested prints 67.44% in year one, and rental yield reads 24.08% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 358.69% and total cumulative return in cash sums $267,421. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,513/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1995
0.42 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: Dawn Sunley • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1031597
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.