115 Circle Lane Dr, West Lafayette, IN, 47906 | $437/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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115 Circle Lane Dr, West Lafayette, IN, 47906 | $437/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in West Lafayette at 115 Circle Lane Dr, West Lafayette, IN, 47906 priced at $295,000 pairs $2,208/mo rent with $437/mo cash flow after a $1,444/mo payment. Total monthly income equals $2,208/mo, and annual cash flow comes to $5,244/yr on $97,793 invested. Return on cash invested is 25.27% in year one, and rental yield stands at 8.98% on a $295,000 basis. Equity gained on principal adds $1,904/yr, and 5% annual appreciation accumulates to $81,503 by year five. Five-year ROI measures 131.4% and total cumulative return in cash reaches $128,498. For financing, Ziffy Mortgage’s DSCR program evaluates $2,208/mo property income against a $1,444/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1966

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

This move in ready 3 bedroom, 1.5 bath home will not last long! Its close proximity to Purdue and West Lafayette make this a convenient location and an excellent investment property. The quiet country neighborhood surrounded by hilly forest terrain give this location a uniquely calm and secluded feel, which is also aided by the lack of thru-traffic in the neighborhood. All of this is achieved while being merely minutes from Purdues campus, multiple grocery and hardware stores, and several restaurants. The home features a very large and open living room which connects directly to the kitchen and dining room. The fenced in backyard, which overlooks a woods filled with wildlife, currently has a chicken coop and fence that was made uniquely for this location. Depending on the buyers preference, this set up can remain as is or be removed. Enjoy raised garden beds, harvesting daily through the summer and two mature pear trees, which produce bountifully each fall. Come check it out today! For Sale By Owner.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47906, West Lafayette, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	30,475 (100%)
Owner Occupied HU	12,026 (39.5%)
Renter Occupied HU	15,431 (50.6%)
Vacant Housing Units	3,018 ( 9.9%)
Median Home Value	$337,444
Average Home Value	$371,802