116 N Furlong DrLafayetteIN47905
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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 Lafayette at 116 N Furlong Dr, Lafayette, IN, 47905 priced at $259,900 converts $2,174/mo rent into $614/mo cash flow after a $1,272/mo obligation. Total monthly income equals $2,174/mo, and annual cash flow totals $7,367/yr on $86,157 invested. Return on cash invested prints 28.46% in year one, and rental yield reads 10.04% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 148.44% and total cumulative return in cash sums $127,894. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,174/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 2003
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47905, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,630 (100%) |
| Owner Occupied HU | 10,991 (56.0%) |
| Renter Occupied HU | 7,333 (37.4%) |
| Vacant Housing Units | 1,306 ( 6.7%) |
| Median Home Value | $254,797 |
| Average Home Value | $312,191 |
Housing Distribution
Address Breakdown
Residential
18,720
Single Family
15,750
Multi-Family
2,970
Businesses
1,408
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