6 Ottawa TrlGalesburgIL61401
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.65, 6 Ottawa Trl, Galesburg, IL, 61401 in Galesburg sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 8.88%. The 8.88% yield is backed by 5% annual appreciation projecting $106,368 in value gain, plus $3,546/yr in principal reduction. Total projected cumulative return: $119,860.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 7.0% |
| Monthly Cash Flow | $(470) | $300 |
City averages based on Galesburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,849 |
| Total Monthly Debt Service | $3,166 |
| DSCR Ratio | 0.90x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1985
0.33 Acres lot
$N/A/sqft
$5,400 annually 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
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
Condo
Built in 1985
0.33 Acres lot
$N/A/sqft
$5,400 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kori Jensen • CENTURY 21 Tucker Swanson
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1037771
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.