B10 Long Bay Point DrGalenaIL61036
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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 Galena at B10 Long Bay Point Dr, Galena, IL, 61036 uses $49,725 cash to close to unlock $3,345/yr annual cash flow and $279/mo monthly cash flow. Total monthly income runs $1,319/mo, and a $734/mo payment keeps the spread at $279/mo. Purchase price stands at $150,000, and rental yield measures 10.55% with $1,319/mo rent. Return on cash invested shows 26.64% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 139.91% and total cumulative return in cash records $69,570. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,319/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A 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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