705 W Galena AveWarrenIL61087
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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 Warren at 705 W Galena Ave, Warren, IL, 61087 generates $970/mo in rent, after a $685/mo payment. Total monthly income is $970/mo. Return on cash invested sits at 19.89% in year one, and rental yield is 8.31% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 103.78% and total cumulative return in cash sums $48,166. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $970/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.37 Acres 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: Courtney Martins • Dc Rise Real Estate
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202407037
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.