1150 Bateman StGalesburgIL61401
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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 Galesburg at 1150 Bateman St, Galesburg, IL, 61401 uses $39,747 cash to close to unlock $926/yr annual cash flow and $77/mo monthly cash flow. Total monthly income runs $909/mo, and a $587/mo payment keeps the spread at $77/mo. Purchase price stands at $119,900, and rental yield measures 9.1% with $909/mo rent. Return on cash invested shows 22.24% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 116.45% and total cumulative return in cash records $46,284. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $909/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1891
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61401, Galesburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,243 (100%) |
| Owner Occupied HU | 8,650 (56.7%) |
| Renter Occupied HU | 4,783 (31.4%) |
| Vacant Housing Units | 1,810 (11.9%) |
| Median Home Value | $102,521 |
| Average Home Value | $143,193 |
Housing Distribution
Address Breakdown
Residential
13,990
Single Family
12,438
Multi-Family
1,552
Businesses
1,024
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