405 W Main StEssexIL60935
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
Investment Highlights
Investment property for sale in Essex at 405 W Main St, Essex, IL, 60935 offers a 10.16% rental yield on a $192,700 purchase with $1,631/mo rent. Total monthly income registers $1,631/mo, and a $943/mo payment leaves $295/mo available for distribution. Annual cash flow reaches $3,535/yr on $63,880 to close, and return on cash invested stands at 25.44% in year one. Equity gained on principal adds $1,243/yr while 5% annual appreciation supports $53,239 over five years. Portfolio math shows five-year ROI at 133.52% and total cumulative return in cash at $85,292. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,631/mo property income against a $943/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60935, Essex, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 420 (100%) |
| Owner Occupied HU | 321 (76.4%) |
| Renter Occupied HU | 66 (15.7%) |
| Vacant Housing Units | 33 ( 7.9%) |
| Median Home Value | $286,290 |
| Average Home Value | $279,603 |
Housing Distribution
Address Breakdown
Residential
282
Single Family
282
Multi-Family
0
Businesses
18
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Listed by: Derek Morgan • USRealty.com, LLP
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12423168
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)