640 2nd 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 640 2nd St, Crete, IL, 60417 earns from $1,986/mo rent with a $1,437/mo payment. Total monthly income totals $1,986/mo. ROI tracks 19.29% on current figures, and rental yield reads 8.12% at a $293,500 purchase. Equity gained on principal adds $1,894/yr, and 5% annual appreciation supports $81,089 over five years. Five-year ROI reaches 100.51% and total cumulative return in cash sums $97,787. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,986/mo property income instead of your personal income.
Single Family
Built in 1904
0.29 Acres 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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