404 SE 1st St · Galva, IL 61434

$119,000

3 bd · 1.0 ba · 1,794 sqft · SingleFamily public records · 41 Days on market

Built 1911 0.26 ac lot Est $165k · 28% under

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Why this score? — see what drove the C+ 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 +20.8/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• Appreciation +5.8/10.0
• 1% rule +5.2/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0

Listing remarks

Split Personality- We have the home for both of you. A 4-bedroom, 2 1/2 bath home with a bedroom and bath on the main floor, plus 3-bedrooms on the second floor with a hallway bath. 2-car garage, kitchen dining and formal dining room. Spacious rooms large closets extra 1/2 bath in basement. All freshly painted and new laminated floors. The best of both worlds.

Key facts

• 0.26 acre lot
• Built 1911
• Listed 41 days

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 2-story; Home is over 100 years old; Built before 1978
• Construction: Frame construction; Brick/mortar foundation; Asphalt roof
• Exterior features: Common grounds

Interior

• Kitchen: Kitchen with laminate flooring; Range; Dishwasher; Refrigerator
• Bedrooms: 4 bedrooms (Master on main; three additional bedrooms on second floor)
• Flooring: Laminate flooring in multiple main living areas and bedrooms; Carpet in one bedroom
• Bathrooms: 2 full bathrooms; 1 half bathroom; Basement includes a bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: 7 total rooms; Unfinished, partial basement
• Laundry & utility: Laundry room in basement (5 x 6); Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $119k.

Deal economics

• At list price, monthly cash flow is $163 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $119k).
• Recommended offer: $115k (3.0% below list) — sets the bar for market timing.

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 ($823 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 $33k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($115k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1911 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $115,430 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1911 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.02% ✓
• Cap rate: 7.93%
• Cash-on-cash: 5.86%
• DSCR: 1.26
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $165,048
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
415 NE 1st St	0.11mi	3/2.0	1,645 (-8%)	10mo	$45,000	$27	69
417 NE 2nd Ave	0.39mi	3/1.0	1,704 (-5%)	6mo	$77,000	$45	69
103 SE 2nd Ave	0.13mi	3/2.0	1,632 (-9%)	9mo	$89,900	$55	67
416 NW 1st Ave	0.51mi	3/2.5	1,780 (-1%)	6mo	$232,500	$131	64
222 SE 5th St	0.13mi	3/2.0	1,596 (-11%)	11mo	$189,900	$119	63
222 SE 5th St	0.13mi	3/2.0	1,596 (-11%)	11mo	$189,900	$119	63
103 SW 4th St	0.42mi	4/1.0 (+1)	1,624 (-10%)	1mo	$29,000	$18	59
717 NE 2nd St	0.28mi	4/2.0 (+1)	1,624 (-10%)	11mo	$150,000	$92	53
502 NE 1st St	0.15mi	4/2.0 (+1)	1,986 (+11%)	18mo	$134,900	$68	52
219 SW 4th St	0.51mi	3/2.0	1,960 (+9%)	11mo	$67,000	$34	47
19 SW 6th St	0.48mi	4/2.0 (+1)	1,971 (+10%)	12mo	$230,000	$117	42
925 N Center Ave	0.70mi	4/3.0 (+1)	1,908 (+6%)	9mo	$294,000	$154	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 9.4%
• Equity multiple: 1.50×
• Total profit: $16,508
• Equity at exit: $44,801

10-year hold

• IRR: 12.7%
• Equity multiple: 2.65×
• Total profit: $55,037
• Equity at exit: $62,912

Cash invested: $33,320 (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: 8.2×

Monthly cashflow live

• Estimated rent: $1,214 medium
• Mortgage (P&I): −$624
• Tax from tax record: −$123 /mo · $1,478/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $163

Break-even live

Break-even rent $1,009

Max offer price $119,000

Occupancy floor 82%

Sensitivity live

Price	-10% $230	-5% $196	+0% $163	+5% $129	+10% $95
Rent	-10% $67	-5% $115	+0% $163	+5% $211	+10% $259
Rate	-1.0pp $223	-0.5pp $193	base $163	+0.5pp $132	+1.0pp $100

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-12
   statusdays on market $119,000 Pending 41 DOM
2. 2026-06-09
   days on market $119,000 Contingent - Continue to Show 39 DOM
3. 2026-06-08
   days on market $119,000 Contingent - Continue to Show 38 DOM
4. 2026-06-07
   days on market $119,000 Contingent - Continue to Show 37 DOM
5. 2026-06-05
   days on market $119,000 Contingent - Continue to Show 35 DOM
6. 2026-06-04
   days on market $119,000 Contingent - Continue to Show 33 DOM
7. 2026-06-03
   status $119,000 Contingent - Continue to Show 32 DOM
8. 2026-06-02
   days on market $119,000 Active 32 DOM
9. 2026-06-01
   days on market $119,000 Active 31 DOM
10. 2026-05-31
    days on market $119,000 Active 30 DOM
11. 2026-05-31
    days on market $119,000 Active 29 DOM

ⓘ 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: $1,478 · $123/mo
• Projected year-2 tax: $2,090 · $174/mo
• Expected delta: +$612/yr (+$51/mo · 41.4%)

ⓘ 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: $14,573
• − Mortgage interest: −$6,666
• − Property taxes: −$1,478
• − Insurance: −$595
• − Repairs & maintenance: −$1,166
• − Management: −$1,166
• − Depreciation: −$3,462
• Taxable income: $40
• Est. tax owed @ 24.0%: −$10
• After-tax cash flow: $1,941/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

Property tax history

+3.3%/yr

Latest (2024): $1,478 · +3.5% YoY. Source: county tax records.