815 Spare StGalenaIL61036
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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 Galena at 815 Spare St, Galena, IL, 61036 priced at $169,900 converts $1,496/mo rent into $317/mo cash flow after a $832/mo obligation. Total monthly income equals $1,496/mo, and annual cash flow totals $3,805/yr on $56,322 invested. Return on cash invested prints 26.67% in year one, and rental yield reads 10.57% against a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation compiles into $46,940 by year five. Five-year ROI reaches 140.15% and total cumulative return in cash sums $78,938. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,496/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1920
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61036, Galena, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,265 (100%) |
| Owner Occupied HU | 2,653 (50.4%) |
| Renter Occupied HU | 640 (12.2%) |
| Vacant Housing Units | 1,972 (37.5%) |
| Median Home Value | $272,621 |
| Average Home Value | $307,280 |
Housing Distribution
Address Breakdown
Residential
3,854
Single Family
3,700
Multi-Family
154
Businesses
458
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