316 Elk StGalenaIL61036
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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 316 Elk St, Galena, IL, 61036 earns $44/mo cash flow from $2,124/mo rent with a $1,468/mo payment. Total monthly income totals $2,124/mo, and annual cash flow totals $524/yr on $99,417 capital. ROI tracks 20.44% on current figures, and rental yield reads 8.5% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 106.65% and total cumulative return in cash sums $106,024. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,124/mo property income instead of your personal income.
Condo
Built in 1850
N/A 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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Listed by: GARRETT HILLARY • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202400708
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.