118 NW 8th AveGalvaIL61434
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Galva at 118 NW 8th Ave, Galva, IL, 61434 uses $39,780 cash to close to unlock $3,264/yr annual cash flow and $272/mo monthly cash flow. Total monthly income runs $1,104/mo, and a $587/mo payment keeps the spread at $272/mo. Purchase price stands at $120,000, and rental yield measures 11.04% with $1,104/mo rent. Return on cash invested shows 28.11% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 147.83% and total cumulative return in cash records $58,807. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,104/mo property income covering a $587/mo payment rather than investor’s personal income.
Multi Family
Built in 1907
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61434, Galva, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,557 (100%) |
| Owner Occupied HU | 1,004 (64.5%) |
| Renter Occupied HU | 315 (20.2%) |
| Vacant Housing Units | 238 (15.3%) |
| Median Home Value | $115,602 |
| Average Home Value | $152,480 |
Housing Distribution
Address Breakdown
Residential
1,386
Single Family
1,314
Multi-Family
72
Businesses
108
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Phillip Esquer • Arrow Real Estate Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4258413
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.