840 Kody Alan DrEssexIL60935
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 840 Kody Alan Dr, Essex, IL, 60935 in Essex speaks for itself: 14.62% gross on a $319,000 price, generating $3,887/mo in rent and $1,674/mo in net income after the $1,434/mo debt service. DSCR 2.71, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $20,090 stacks alongside $88,134 in projected five-year appreciation and $2,938/yr in principal reduction. Projected total cumulative return: $229,779.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.6% | 6.0% |
| Monthly Cash Flow | $1,674 | $250 |
City averages based on Essex market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,887 |
| Total Monthly Debt Service | $2,086 |
| DSCR Ratio | 1.86x |
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 N/A
0.47 Acres 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
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 N/A
0.47 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices