1019 3rd StGalenaIL61036
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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
Investment property for sale in Galena at 1019 3rd St, Galena, IL, 61036 listed at $194,500 pairs $1,942/mo rent with a $952/mo payment to leave $593/mo cash flow. Total monthly income runs $1,942/mo, and annual cash flow reaches $7,115/yr on $64,477 cash to close. Return on cash invested measures 30.94% in year one, and rental yield registers 11.98% at a $194,500 basis. Equity gained on principal adds $1,255/yr, and annual property appreciation at 5% supports $53,737 by year five. Five-year ROI tracks 162.98% and total cumulative return in cash totals $105,081. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,942/mo property income relative to a $952/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61036, Galena, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,265 (100%) |
| Owner Occupied HU | 2,653 (50.4%) |
| Renter Occupied HU | 640 (12.2%) |
| Vacant Housing Units | 1,972 (37.5%) |
| Median Home Value | $272,621 |
| Average Home Value | $307,280 |
Housing Distribution
Address Breakdown
Residential
3,854
Single Family
3,700
Multi-Family
154
Businesses
458
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Listed by: Shawn Vanderpool • Choice Realty Of Galena
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202404855
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.