3449 Somerset LnCreteIL60417
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
Investment Highlights
Investment property for sale in Crete at 3449 Somerset Ln, Crete, IL, 60417 at $253,968 posts ROI 44.47% with $1,723/mo cash flow from $3,485/mo rent. Total monthly income equals $3,485/mo, and annual cash flow records $20,682/yr on $84,190 to close. Return on cash invested measures 44.47% and rental yield reads 16.47% at the current $253,968. Equity gained on principal adds $1,639/yr, and 5% annual appreciation supports $70,167 by year five. Five-year ROI prints 235.58% and total cumulative return in cash totals $198,332.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,485/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1976
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices