118 Lakeview DrEast 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 118 Lakeview Dr, East Galesburg, IL, 61430 earns from $1,565/mo rent with a $1,317/mo payment. Total monthly income totals $1,565/mo. ROI tracks 15.86% on current figures, and rental yield reads 6.98% at a $269,000 purchase. Equity gained on principal adds $1,736/yr, and 5% annual appreciation supports $74,320 over five years. Five-year ROI reaches 82.09% and total cumulative return in cash sums $73,199. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,565/mo property income instead of your personal income.
Single Family
Built in 1950
1.03 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: Thomas L Knapp • RE/MAX Preferred Properties
Mls Name: RMLS Alliance
Mls ID: #CA1038576