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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Crete at 738 W Arlington Ln, Crete, IL, 60417 generates $1,797/mo in rent and, after a $1,223/mo payment, leaves $64/mo in cash flow. Total monthly income is $1,797/mo, and annual cash flow is $765/yr on $82,842 invested. Return on cash invested sits at 20.83% in year one, and rental yield is 8.63% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 108.77% and total cumulative return in cash sums $90,110. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,797/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 60417, Crete, IL area.
| 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 |
Residential
6,066
Single Family
5,902
Multi-Family
164
Businesses
428
Date | Event | Price |
|---|---|---|
| 2025-01-02 | Price change | $249,900 |
| 2024-11-08 | Listed for sale | $254,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-02-16 | $1566.78 | -4.01% | $41,488 | 9.22% |
| 2021-02-16 | $1632.30 | -3.61% | $37,986 | 6.70% |
| 2020-02-16 | $1693.40 | -3.21% | $35,600 | 6.40% |
Listed by: Suzanne Herrmann • McColly Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12205146
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)
