123 Plum Cove DrGalenaIL61036
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe headline number at 123 Plum Cove Dr, Galena, IL, 61036 in Galena is the 1.87 coverage ratio: rent of $1,661/mo versus a $890/mo debt payment on a $198,000 property. Rental yield 10.07%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $54,704 by year five, with $1,824/yr in equity from paydown. Total projected cumulative return: $73,262.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 8.0% |
| Monthly Cash Flow | $(63) | $400 |
City averages based on Galena market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,661 |
| Total Monthly Debt Service | $1,645 |
| DSCR Ratio | 1.01x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1982
N/A lot
$N/A/sqft
$350 monthly 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
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
Townhouse
Built in 1982
N/A lot
$N/A/sqft
$350 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Javen Rands • Dickerson & Nieman
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202500683
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.