2 Russett 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
Investment property for sale in Galena at 2 Russett Ln, Galena, IL, 61036 offers a 8.79% rental yield on a $370,000 purchase with $2,711/mo rent. Total monthly income registers $2,711/mo, and a $1,811/mo payment leaves $145/mo available for distribution. Annual cash flow reaches $1,735/yr on $122,655 to close, and return on cash invested stands at 21.32% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 111.42% and total cumulative return in cash at $136,661. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,711/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.72 Acres lot
$N/A/sqft
No 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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