238 E Prospect StGalesburgIL61401
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
Investment Highlights
Investment property for sale in Galesburg at 238 E Prospect St, Galesburg, IL, 61401 earns $376/mo cash flow from $1,465/mo rent with a $768/mo payment. Total monthly income totals $1,465/mo, and annual cash flow totals $4,517/yr on $52,046 capital. ROI tracks 28.59% on current figures, and rental yield reads 11.2% at a $157,000 purchase. Equity gained on principal adds $1,013/yr, and 5% annual appreciation supports $43,376 over five years. Five-year ROI reaches 150.39% and total cumulative return in cash sums $78,272. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,465/mo property income instead of your personal income.
Single Family
Built in 1905
1.04 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Miller • The Royal Realty Company Illin
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1257294
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.