71 Hereford DrCreteIL60417
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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 71 Hereford Dr, Crete, IL, 60417 with 5% annual appreciation on a $297,000 basis while $2,077/mo rent supports operations. Total monthly income totals $2,077/mo and a $1,454/mo payment preserves $17/mo for cash returns. Annual cash flow comes to $199/yr on $98,456 deployed, and return on cash invested reaches 20.11% in year one. Equity gained on principal adds $1,916/yr, and five-year appreciation sums $82,056 alongside rental yield of 8.39%. Five-year ROI measures 104.92% and total cumulative return in cash totals $103,302.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,077/mo property income versus a $1,454/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
0.48 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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