409 E Broad St #1GalesburgIL61401
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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 Galesburg at 409 E Broad St #1, Galesburg, IL, 61401 uses $39,780 cash to close to unlock $4,056/yr annual cash flow and $338/mo monthly cash flow. Total monthly income runs $1,170/mo, and a $587/mo payment keeps the spread at $338/mo. Purchase price stands at $120,000, and rental yield measures 11.7% with $1,170/mo rent. Return on cash invested shows 30.11% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 158.48% and total cumulative return in cash records $63,043. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,170/mo property income covering a $587/mo payment rather than investor’s personal income.
Multi Family
Built in 1891
9,801 sqft 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
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