1301 Norma Jean DrLafayetteIN47909
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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
Investment property for sale in Lafayette at 1301 Norma Jean Dr, Lafayette, IN, 47909 uses $92,787 cash to close to unlock $4,545/yr annual cash flow and $379/mo monthly cash flow. Total monthly income runs $2,059/mo, and a $1,370/mo payment keeps the spread at $379/mo. Purchase price stands at $279,900, and rental yield measures 8.83% with $2,059/mo rent. Return on cash invested shows 24.81% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 128.88% and total cumulative return in cash records $119,581. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,059/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47909, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,777 (100%) |
| Owner Occupied HU | 11,637 (62.0%) |
| Renter Occupied HU | 5,952 (31.7%) |
| Vacant Housing Units | 1,188 ( 6.3%) |
| Median Home Value | $237,746 |
| Average Home Value | $278,258 |
Housing Distribution
Address Breakdown
Residential
18,114
Single Family
16,603
Multi-Family
1,511
Businesses
463
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