1206 Washington StLafayetteIN47905
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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 1206 Washington St, Lafayette, IN, 47905 priced at $220,000 converts $1,928/mo rent into $607/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,928/mo, and annual cash flow totals $7,286/yr on $72,930 invested. Return on cash invested prints 29.9% in year one, and rental yield reads 10.52% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 156.21% and total cumulative return in cash sums $113,927. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,928/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1901
6,446 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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Listed by: Erica Bohl • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202434435
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.