221 Cornwall DrCreteIL60417
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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 Crete at 221 Cornwall Dr, Crete, IL, 60417 uses $84,533 cash to close to unlock $3,544/yr annual cash flow and $295/mo monthly cash flow. Total monthly income runs $2,064/mo, and a $1,248/mo payment keeps the spread at $295/mo. Purchase price stands at $255,000, and rental yield measures 9.71% with $2,064/mo rent. Return on cash invested shows 24.1% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 126.32% and total cumulative return in cash records $106,784. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,064/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1940
9,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60417, Crete, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,162 (100%) |
| Owner Occupied HU | 5,085 (82.5%) |
| Renter Occupied HU | 807 (13.1%) |
| Vacant Housing Units | 270 ( 4.4%) |
| Median Home Value | $288,203 |
| Average Home Value | $341,922 |
Housing Distribution
Address Breakdown
Residential
6,066
Single Family
5,902
Multi-Family
164
Businesses
428
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