802 Nebraska AveEssexIA51638
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play802 Nebraska Ave, Essex, IA, 51638 in Essex is priced for appreciation, not yield. Rental yield 0%. At $129,000 with a 0% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $35,640 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.00) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 8.0% |
| Monthly Cash Flow | $0 | $150 |
City averages based on Essex market data in our database. Property projections are estimates.
Single Family
Built in 1900
10,018 sqft 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
No similar rental properties found nearby.
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
10,018 sqft 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
No similar rental properties found nearby.
Nearby investment properties with comparable prices