2 Brook LnGalenaIL61036
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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 Galena at 2 Brook Ln, Galena, IL, 61036 priced at $332,000 converts $2,636/mo rent into $220/mo cash flow after a $1,625/mo obligation. Total monthly income equals $2,636/mo, and annual cash flow totals $2,638/yr on $110,058 invested. Return on cash invested prints 22.31% in year one, and rental yield reads 9.53% against a $332,000 entry. Equity gained on principal adds $2,142/yr, while 5% annual appreciation compiles into $91,725 by year five. Five-year ROI reaches 117.13% and total cumulative return in cash sums $128,907. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,636/mo property income covering a $1,625/mo payment, not borrower’s personal income.
Single Family
Built in 1988
1.15 Acres lot
$N/A/sqft
$1,360 annually 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
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Listed by: MARK SUMPTER • Eagle Ridge Realty
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202405002
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.