117 Illinois AveEast GalesburgIL61430
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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 East Galesburg at 117 Illinois Ave, East Galesburg, IL, 61430 at $179,900 posts ROI 27.95% with $400/mo cash flow from $1,648/mo rent. Total monthly income equals $1,648/mo, and annual cash flow records $4,796/yr on $59,637 to close. Return on cash invested measures 27.95% and rental yield reads 10.99% at the current $179,900. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 by year five. Five-year ROI prints 146.97% and total cumulative return in cash totals $87,645.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,648/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1969
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61430, East Galesburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 355 (100%) |
| Owner Occupied HU | 203 (57.2%) |
| Renter Occupied HU | 120 (33.8%) |
| Vacant Housing Units | 32 ( 9.0%) |
| Median Home Value | $157,328 |
| Average Home Value | $190,677 |
Housing Distribution
Address Breakdown
Residential
291
Single Family
291
Multi-Family
0
Businesses
7
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Listed by: Sara E Varner • Platinum Key Real Estate, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035908
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.