1651 McMasters AveGalesburgIL61401
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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
Rental property for sale in Galesburg at 1651 McMasters Ave, Galesburg, IL, 61401 priced at $154,900 converts $2,400/mo rent into $1,326/mo cash flow after a $758/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $15,909/yr on $51,349 invested. Return on cash invested prints 50.89% in year one, and rental yield reads 18.59% against a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,796 by year five. Five-year ROI reaches 269.98% and total cumulative return in cash sums $138,632. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $758/mo payment, not borrower’s personal income.
Single Family
Built in 1955
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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Listed by: Thomas L Knapp • RE/MAX Preferred Properties
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1031658
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.