29 Thatcher 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 29 Thatcher Ln, Galena, IL, 61036 priced at $254,900 converts $1,843/mo rent into after a $1,248/mo obligation. Total monthly income equals $1,843/mo. Return on cash invested prints 16% in year one, and rental yield reads 8.68% against a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,424 by year five. Five-year ROI reaches 84.67% and total cumulative return in cash sums $71,544. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,843/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Townhouse
Built in 1984
N/A lot
$N/A/sqft
$350 monthly 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: DAMON HEIM • Coldwell Banker Network Realty
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202500576
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.