405 S State StEast GalesburgIL61430
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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 East Galesburg at 405 S State St, East Galesburg, IL, 61430 priced at $119,900 converts $906/mo rent into $74/mo cash flow after a $587/mo obligation. Total monthly income equals $906/mo, and annual cash flow totals $890/yr on $39,747 invested. Return on cash invested prints 22.15% in year one, and rental yield reads 9.07% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 115.96% and total cumulative return in cash sums $46,092. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $906/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1906
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61430, East Galesburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 355 (100%) |
| Owner Occupied HU | 203 (57.2%) |
| Renter Occupied HU | 120 (33.8%) |
| Vacant Housing Units | 32 ( 9.0%) |
| Median Home Value | $157,328 |
| Average Home Value | $190,677 |
Housing Distribution
Address Breakdown
Residential
291
Single Family
291
Multi-Family
0
Businesses
7
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Listed by: Sara E Varner • Platinum Key Real Estate, LLC
Mls Name: RMLS Alliance
Mls ID: #CA1041296