3449 Somerset StCreteIL60417
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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 3449 Somerset St, Crete, IL, 60417 offers a 9.49% rental yield on a $253,968 purchase with $2,008/mo rent. Total monthly income registers $2,008/mo, and a $1,243/mo payment leaves $246/mo available for distribution. Annual cash flow reaches $2,958/yr on $84,190 to close, and return on cash invested stands at 23.42% in year one. Equity gained on principal adds $1,639/yr while 5% annual appreciation supports $70,167 over five years. Portfolio math shows five-year ROI at 122.67% and total cumulative return in cash at $103,280. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,008/mo property income against a $1,243/mo payment rather than investor’s personal income documents like W2s, Salary slips, 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
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