84 Silver StGalesburgIL61401
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
Investment Highlights
Investment property for sale in Galesburg at 84 Silver St, Galesburg, IL, 61401 uses $34,808 cash to close to unlock $835/yr annual cash flow and $70/mo monthly cash flow. Total monthly income runs $798/mo, and a $514/mo payment keeps the spread at $70/mo. Purchase price stands at $105,000, and rental yield measures 9.12% with $798/mo rent. Return on cash invested shows 22.31% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 116.77% and total cumulative return in cash records $40,646. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $798/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1912
0.25 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices