406 S Jackson StGardnerIL60424
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 406 S Jackson St, Gardner, IL, 60424 in Gardner delivers $2,280/mo in gross rent and $345/mo in net monthly income at a $279,000 entry. The 9.81% yield and 1.82 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $77,083 over five years and $2,570/yr in equity from loan paydown, total projected return is $128,888.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 7.0% |
| Monthly Cash Flow | $345 | $300 |
City averages based on Gardner market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,280 |
| Total Monthly Debt Service | $1,824 |
| DSCR Ratio | 1.25x |
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 1900
6,720 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60424, Gardner, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,079 (100%) |
| Owner Occupied HU | 726 (67.3%) |
| Renter Occupied HU | 269 (24.9%) |
| Vacant Housing Units | 84 ( 7.8%) |
| Median Home Value | $202,614 |
| Average Home Value | $230,696 |
Housing Distribution
Address Breakdown
Residential
853
Single Family
818
Multi-Family
35
Businesses
54
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 1900
6,720 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60424, Gardner, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,079 (100%) |
| Owner Occupied HU | 726 (67.3%) |
| Renter Occupied HU | 269 (24.9%) |
| Vacant Housing Units | 84 ( 7.8%) |
| Median Home Value | $202,614 |
| Average Home Value | $230,696 |
Housing Distribution
Address Breakdown
Residential
853
Single Family
818
Multi-Family
35
Businesses
54
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices