5 Maltby Ct · The Galena Territory, IL 61036

$175,000

3 bd · 2.5 ba · 1,827 sqft · Other · 13 Days on market

Built 1992 0.85 ac lot $96/sqft · 49% below area Est $344k · 49% under $117/mo HOA · 4% of rent

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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 +27.5/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +9.6/10.0
• Livability +3.6/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Calling all investors, contractors, or anyone looking to build some "sweat equity"! Set atop a hill in the scenic Shenandoah Valley, this property offers the kind of setting that’s getting harder to find; views and endless potential! This 3-bedroom, 2-bath home is ready for a new owner to bring it back to life and make it their own. The home features a spacious layout with a Great Room highlighted by soaring ceilings, a fireplace, and large windows designed to capture the surrounding countryside and allow for lots of natural light. The open-concept kitchen and dining area provide a solid footprint for future updates and modern touches. A main-floor primary suite with walk in

Key facts

• Large windows
• Open-concept kitchen
• Soaring ceilings

Tags

• GREAT ROOM
• SOARING CEILINGS
• FIREPLACE
• LARGE WINDOWS
• OPEN-CONCEPT KITCHEN
• DINING AREA

Property features AI

Finance

• HOA & community: Homeowners association with an annual fee of $1,404 (about $117/month)

Exterior

• Parking: Asphalt parking
• Utilities: Public water; Septic sewer
• Home design: Single-family residence (house); 2 stories; Residential property
• Exterior features: Shingle roof; Asphalt parking

Interior

• Kitchen: Electric cooktop; Dishwasher; Refrigerator
• Bathrooms: 2 full bathrooms; 1 half bathroom; 1 main-level bathroom
• Heating & cooling: Forced air heating with propane; Central air conditioning
• Interior features: Walk-in closets; Wood-burning fireplace (1)
• Laundry & utility: Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath other listed at $175k.

Deal economics

• At list price, monthly cash flow is $515 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $175k).
• Cap rate 9.8% vs local median 3.3% in The Galena Territory — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 72/100 on livability (#313 in IL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: health & safety C-, amenities F, commute F.
• River Ridge CUSD 210 (rural): math 32% / reading 36% proficiency, ranked #205 of 620 in IL (top 33%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: River Ridge Elementary School (math 37% / reading 47%, grade F, #336 of 2,056 statewide, top 18%, 220 students, 0% FRL); River Ridge Middle School (math 22% / reading 27%, grade F, #332 of 665 statewide, top 55%, 105 students, 0% FRL); River Ridge High School (math 44% / reading 34%, grade F, #88 of 693 statewide, top 14%, 135 students, 0% FRL) — zoned schools average 0% FRL vs 34% district-wide (34 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 156 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 58 units permitted in Jo Daviess County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Jo Daviess County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $49k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 15y ago 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.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price.

Recommended offer $175,000

Questions for the listing agent

1. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-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: 1.51% ✓
• Cap rate: 9.82%
• Cash-on-cash: 12.60%
• DSCR: 1.56
• GRM: 5.5

CMA / ARV

• ARV (median comp): $343,616
• List price: $175,000
• Delta: -49.07%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 2.5%
• Equity multiple: 1.10×
• Total profit: $4,679
• Equity at exit: $26,093

10-year hold

• IRR: 12.2%
• Equity multiple: 1.97×
• Total profit: $47,355
• Equity at exit: $15,131

Cash invested: $49,000 (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 61036

• Active inventory: 156
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $2,650 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$471 /mo · $5,656/yr
• Insurance: −$73
• HOA: −$117
• Vacancy / Maint / Mgmt: −$556
• Net cashflow: $515

Break-even live

Break-even rent $1,999

Max offer price $175,000

Occupancy floor 76%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
125 Cogan Dr Galena, IL	4.0	3.0	2550	$2,650	$1.04	43d	1	0.75mi

HOA detail

• Monthly dues: $117 · $1,404/yr

Listing history 13 events

1. 2026-06-07
   status $175,000 Pending 13 DOM
2. 2026-06-05
   days on market $175,000 Active 13 DOM
3. 2026-06-04
   days on market $175,000 Active 11 DOM
4. 2026-06-02
   days on market $175,000 Active 10 DOM
5. 2026-06-01
   days on market $175,000 Active 9 DOM
6. 2026-05-31
   days on market $175,000 Active 8 DOM
7. 2026-05-31
   days on market $175,000 Active 7 DOM
8. 2026-05-10
   status Pending 1193-char remark
9. 2026-05-07
   listed $175,000 Active 1193-char remark
10. 2014-01-08
    historical
11. 2013-10-30
    listed
12. 2012-05-09
    historical
13. 2011-12-08
    listed

ⓘ 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: $5,656 · $471/mo
• Projected year-2 tax: $5,656 · $471/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,800
• − Mortgage interest: −$9,803
• − Property taxes: −$5,656
• − Insurance: −$875
• − Repairs & maintenance: −$2,544
• − Management: −$2,544
• − HOA: −$1,404
• − Depreciation: −$5,091
• Taxable income: $3,883
• Est. tax owed @ 24.0%: −$932
• After-tax cash flow: $5,242/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: River Ridge CUSD 210
• NCES district ID: 1700001
• Math proficiency: 32% ▼ -10.00%
• Reading proficiency: 36% ▼ -9.00%
• Median HH income: $50,977
• Composite: 29.6/100
• National rank: #6477
• State rank: #205 of 620 in IL

Livability — The Galena Territory

• Score: 72/100
• State rank: #313
• US rank: #6203

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: The Galena Territory, IL
• Population (ZIP): 7,014

Population outlook (Jo Daviess County) Hauer SSP2

• Today (2025): 20,420 people
• By 2030: 19,405 · -5.0%
• By 2040: 17,244 · -15.6%
• By 2050: 15,357 · -24.8%
• By 2075: 11,760 · -42.4%
• By 2100: 8,355 · -59.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Romanian 7% Portuguese 3% Lithuanian 2%
• Foreign-born: 2% · Canada, Vietnam
• Languages at home: 97% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Jo Daviess

• 2024 margin: R (+16.8) · D 40.8% · R 57.6% · Other 1.6%
• 2008→2024 swing: -27.3pp toward R · 2008: 10.5pp · 2024: -16.8pp
• All cycles: 2024: R+16.8 2020: R+16.5 2016: R+14.9 2012: D+1.1 2008: D+10.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -85.06%
• Current HPI: 156.4718
• 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

8 events — show timeline

• 2026-06-05 Pending — NWIAR
• 2026-05-26 Relisted — NWIAR
• 2026-05-10 Pending — NWIAR
• 2026-05-07 Listed $175,000 NWIAR
• 2014-01-08 Listing Removed — MRED as Distributed by MLS Grid
• 2013-10-30 Listed — MRED as Distributed by MLS Grid
• 2012-05-09 Listing Removed — MRED as Distributed by MLS Grid
• 2011-12-08 Listed — MRED as Distributed by MLS Grid

Property tax history

+4.5%/yr

Latest (2025): $5,656 · +21.6% YoY. Source: county tax records.