402 W Galena AveWarrenIL61087
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
Rental property for sale in Warren at 402 W Galena Ave, Warren, IL, 61087 offers $1,660/mo rent that, after a $671/mo payment, leaves $709/mo cash flow. Total monthly income is $1,660/mo, and annual cash flow is $8,511/yr on $45,416 cash. Return on cash invested measures 38.65% in year one, and rental yield stands at 14.54% at a $137,000 entry. Equity gained on principal adds $884/yr while 5% annual appreciation compounds into $37,851 by year five. Five-year ROI records 204.39% and total cumulative return in cash reaches $92,824. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,660/mo property income versus a $671/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61087, Warren, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 787 (100%) |
| Owner Occupied HU | 550 (69.9%) |
| Renter Occupied HU | 151 (19.2%) |
| Vacant Housing Units | 86 (10.9%) |
| Median Home Value | $99,811 |
| Average Home Value | $138,623 |
Housing Distribution
Address Breakdown
Residential
550
Single Family
535
Multi-Family
15
Businesses
69
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Listed by: Elizabeth Robinson • Exp Realty Llc
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202403324
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.