130 Sunset AveEssexIA51638
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 130 Sunset Ave, Essex, IA, 51638 in Essex speaks for itself: 11.91% gross on a $200,760 price, generating $1,993/mo in rent and $689/mo in net income after the $903/mo debt service. DSCR 2.21, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,272 stacks alongside $55,466 in projected five-year appreciation and $1,849/yr in principal reduction. Projected total cumulative return: $120,740.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 8.0% |
| Monthly Cash Flow | $689 | $150 |
City averages based on Essex market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,993 |
| Total Monthly Debt Service | $1,224 |
| DSCR Ratio | 1.63x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2023
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51638, Essex, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 587 (100%) |
| Owner Occupied HU | 419 (71.4%) |
| Renter Occupied HU | 113 (19.3%) |
| Vacant Housing Units | 55 ( 9.4%) |
| Median Home Value | $125,463 |
| Average Home Value | $186,390 |
Housing Distribution
Address Breakdown
Residential
335
Single Family
301
Multi-Family
34
Businesses
32
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
Single Family
Built in 2023
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51638, Essex, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 587 (100%) |
| Owner Occupied HU | 419 (71.4%) |
| Renter Occupied HU | 113 (19.3%) |
| Vacant Housing Units | 55 ( 9.4%) |
| Median Home Value | $125,463 |
| Average Home Value | $186,390 |
Housing Distribution
Address Breakdown
Residential
335
Single Family
301
Multi-Family
34
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices