409 N Cherry StGalesburgIL61401
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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 N Cherry St, Galesburg, IL, 61401 offers a 27.65% rental yield on a $133,000 purchase with $3,065/mo rent. Total monthly income registers $3,065/mo, and a $651/mo payment leaves $2,142/mo available for distribution. Annual cash flow reaches $25,709/yr on $44,090 to close, and return on cash invested stands at 78.22% in year one. Equity gained on principal adds $858/yr while 5% annual appreciation supports $36,745 over five years. Portfolio math shows five-year ROI at 416.55% and total cumulative return in cash at $183,657. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,065/mo property income against a $651/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1916
5,808 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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