749 W New Monee RdCreteIL60417
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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
Rental property for sale in Crete at 749 W New Monee Rd, Crete, IL, 60417 generates $1,401/mo in rent and, after a $905/mo payment, leaves $118/mo in cash flow. Total monthly income is $1,401/mo, and annual cash flow is $1,419/yr on $61,328 invested. Return on cash invested sits at 22.22% in year one, and rental yield is 9.09% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 116.29% and total cumulative return in cash sums $71,319. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,401/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
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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