514 North StCreteIL60417
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
Rental property for sale in Crete at 514 North St, Crete, IL, 60417 priced at $139,900 converts $1,115/mo rent into $144/mo cash flow after a $685/mo obligation. Total monthly income equals $1,115/mo, and annual cash flow totals $1,732/yr on $46,377 invested. Return on cash invested prints 23.64% in year one, and rental yield reads 9.56% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 123.9% and total cumulative return in cash sums $57,459. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,115/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1909
6,672 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices