708 NW 7th AveGalvaIL61434
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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 Galva at 708 NW 7th Ave, Galva, IL, 61434 uses $44,719 cash to close to unlock $16,338/yr annual cash flow and $1,361/mo monthly cash flow. Total monthly income runs $2,324/mo, and a $660/mo payment keeps the spread at $1,361/mo. Purchase price stands at $134,900, and rental yield measures 20.67% with $2,324/mo rent. Return on cash invested shows 56.44% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 300.07% and total cumulative return in cash records $134,189. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,324/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61434, Galva, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,557 (100%) |
| Owner Occupied HU | 1,004 (64.5%) |
| Renter Occupied HU | 315 (20.2%) |
| Vacant Housing Units | 238 (15.3%) |
| Median Home Value | $115,602 |
| Average Home Value | $152,480 |
Housing Distribution
Address Breakdown
Residential
1,386
Single Family
1,314
Multi-Family
72
Businesses
108
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Listed by: Tracy Interial • Arrow Real Estate Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4255454
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.