22 Farmstead 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 22 Farmstead Ln, Galena, IL, 61036 priced at $240,000 converts $3,360/mo rent into $1,582/mo cash flow after a $1,175/mo obligation. Total monthly income equals $3,360/mo, and annual cash flow totals $18,980/yr on $79,560 invested. Return on cash invested prints 43.77% in year one, and rental yield reads 16.8% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 232.39% and total cumulative return in cash sums $184,886. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,360/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Townhouse
Built in 1983
N/A 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: GARRETT HILLARY • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502355
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.