305 Milburn AveCreteIL60417
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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
Rental property for sale in Crete at 305 Milburn Ave, Crete, IL, 60417 offers $1,565/mo rent that, after a $1,125/mo payment. Total monthly income is $1,565/mo. Return on cash invested measures 19.45% in year one, and rental yield stands at 8.17% at a $229,900 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,517 by year five. Five-year ROI records 101.35% and total cumulative return in cash reaches $77,243. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,565/mo property income versus a $1,125/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
10,018 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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