415 SW 4th Ave · Galva, IL 61434

$110,000

4 bd · 1.0 ba · 2,426 sqft · SingleFamily public records · 14 Days on market

Built 1925

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.2/30.0
• DSCR +10.0/10.0
• 1% rule +7.9/10.0
• ARV discount +7.5/15.0
• Appreciation +5.8/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0

Listing remarks

This spacious 5-bedroom, 2 bath home offers room for everyone inside & out! Situated on a large lot, this property features a detached 2-car garage & an older 1-car garage that is mostly used for storage, giving you plenty of room for hobbies & vehicles. Relax & enjoy the big front porch & inside, you'll find an eat-in kitchen w/ island & the nice appliances stay as well. The main floor primary bedroom suite offers convenience & privacy with a walk-in closet & bath. The first-floor laundry adds everyday ease, with additional laundry hookups available in the basement. Charming built-ins are located between the formal dining room & living

Key facts

• Big front porch
• Walk-in closet
• Eat-in kitchen

Tags

• DETACHED 2-CAR GARAGE
• BIG FRONT PORCH
• EAT-IN KITCHEN
• WALK-IN CLOSET
• FIRST-FLOOR LAUNDRY
• ADDITIONAL LAUNDRY HOOKUPS

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: Detached garage; Gravel parking; 2 total parking spaces (2 garage spaces)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 2 stories; Property is over 100 years old; Level lot
• Construction: Frame construction; Brick/mortar foundation; Asphalt roof
• Exterior features: Front porch

Interior

• Kitchen: Kitchen with eating area and island; Range; Refrigerator
• Bedrooms: 5 bedrooms (master on main); Bedroom sizes include: 17 x 19 (master, carpet), 12 x 13 (bedroom), 11 x 10 (bedroom), 10 x 11 (bedroom), 11 x 10 (bedroom); One upstairs bonus room (10 x 14)
• Flooring: Hardwood in many main living areas and several bedrooms; Ceramic tile in kitchen; Carpet in master bedroom; Linoleum in laundry
• Bathrooms: 2 full bathrooms; Basement bathroom present
• Heating & cooling: Natural gas forced air heating; Window air conditioning units
• Interior features: Finished attic; Separate dining room; Unfinished/partial basement; 9 total rooms
• Laundry & utility: Main-level laundry (7 x 9, linoleum)

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $348 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).

Location & tenants

• Location reads 67/100 on livability (#497 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime A, housing A-; Watch: employment D+, schools F, amenities F.
• Galva CUSD 224 (rural): math 18% / reading 14% proficiency, ranked #497 of 620 in IL (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 22 active listings in the ZIP; 32 units permitted in Henry County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($761 loan paydown + $2k appreciation (1.7% local appreciation)).
• Henry County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (1.7% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $55k; list at $110k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $110,000

Questions for the listing agent

1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.29% ✓
• Cap rate: 10.09%
• Cash-on-cash: 13.58%
• DSCR: 1.60
• GRM: 6.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

1.67% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.1%
• Equity multiple: 1.91×
• Total profit: $27,911
• Equity at exit: $41,413

10-year hold

• IRR: 19.8%
• Equity multiple: 3.54×
• Total profit: $78,256
• Equity at exit: $58,154

Cash invested: $30,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 61434

• Home prices YoY: 1.2%
• Active inventory: 22
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,420 medium
• Mortgage (P&I): −$577
• Tax from tax record: −$151 /mo · $1,810/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $348

Break-even live

Break-even rent $979

Max offer price $110,000

Occupancy floor 70%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-12
   statusdays on market $110,000 Pending 14 DOM
2. 2026-06-09
   days on market $110,000 Active 12 DOM
3. 2026-06-08
   days on market $110,000 Active 11 DOM
4. 2026-06-07
   days on market $110,000 Active 10 DOM
5. 2026-06-05
   days on market $110,000 Active 8 DOM
6. 2026-06-04
   days on market $110,000 Active 6 DOM
7. 2026-06-02
   days on market $110,000 Active 5 DOM
8. 2026-06-01
   days on market $110,000 Active 4 DOM
9. 2026-05-31
   days on market $110,000 Active 3 DOM
10. 2026-05-31
    days on market $110,000 Active 2 DOM
11. 2026-05-26
    listed $110,000 Active
12. 2026-01-21
    historical Contingent - Continue to Show
13. 2026-01-14
    historical
14. 2026-01-08
    historical Contingent - Continue to Show
15. 2026-01-05
    historical
16. 2025-12-15
    historical Under Contract
17. 2025-12-12
    historical
18. 2025-12-12
    historical
19. 2025-10-31
    historical
20. 2025-10-31
    listed Active
21. 2025-10-30
    historical
22. 2025-10-07
    listed Active
23. 2017-12-05
    soldstatus $55,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IL · Partial reset (capped growth)

• Current annual tax: $1,810 · $151/mo
• Projected year-2 tax: $2,153 · $179/mo
• Expected delta: +$344/yr (+$29/mo · 19.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,043
• − Mortgage interest: −$6,162
• − Property taxes: −$1,810
• − Insurance: −$550
• − Repairs & maintenance: −$1,363
• − Management: −$1,363
• − Depreciation: −$3,200
• Taxable income: $2,594
• Est. tax owed @ 24.0%: −$623
• After-tax cash flow: $3,559/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Galva CUSD 224
• NCES district ID: 1716140
• Math proficiency: 18% ▼ -9.00%
• Reading proficiency: 14% ▼ -15.00%
• Median HH income: $44,393
• Composite: 14.08/100
• National rank: #9463
• State rank: #497 of 620 in IL

Livability — Galva

• Score: 67/100
• State rank: #497
• US rank: #10271

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment D+ Housing A- Health & safety B+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Galva, IL
• City population: 2,992
• Population (ZIP): 2,992

Population outlook (Henry County) Hauer SSP2

• Today (2025): 47,376 people
• By 2030: 45,920 · -3.1%
• By 2040: 42,829 · -9.6%
• By 2050: 39,606 · -16.4%
• By 2075: 31,848 · -32.8%
• By 2100: 23,503 · -50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 7% Hispanic / Latino 5%
• Common ancestry: English 6% Slovak 4% Lithuanian 3%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 1%

Political lean MEDSL · Henry

• 2024 margin: Strong R (+24.5) · D 36.8% · R 61.3% · Other 1.9%
• 2008→2024 swing: -32.2pp toward R · 2008: 7.7pp · 2024: -24.5pp
• All cycles: 2024: R+24.5 2020: R+21.4 2016: R+21.2 2012: D+3.1 2008: D+7.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.67%
• Current HPI: 141.1529
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

+100.0% since first listed

13 events — show timeline

• 2026-05-26 Listed $110,000 MRED as Distributed by MLS Grid
• 2026-01-21 Contingent — MRED as Distributed by MLS Grid
• 2026-01-14 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-08 Contingent — MRED as Distributed by MLS Grid
• 2026-01-05 Listing Removed — MRED as Distributed by MLS Grid
• 2025-12-15 Contingent — RMLSA as Distributed by MLS Grid
• 2025-12-12 Listing Removed — RMLSA as Distributed by MLS Grid
• 2025-12-12 Listing Removed — MRED as Distributed by MLS Grid
• 2025-10-31 Listing Removed — RMLSA as Distributed by MLS Grid
• 2025-10-31 Listed — RMLSA as Distributed by MLS Grid
• 2025-10-30 Listing Removed — MRED as Distributed by MLS Grid
• 2025-10-07 Listed — RMLSA as Distributed by MLS Grid
• 2017-12-05 Sold (Public Records) $55,000 Public Records

Property tax history

+42.1%/yr

Latest (2024): $1,810 · +3.2% YoY. Source: county tax records.