1408 Solemar DrWest LafayetteIN47906
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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 West Lafayette at 1408 Solemar Dr, West Lafayette, IN, 47906 uses $122,622 cash to close to unlock $4,812/yr annual cash flow and $401/mo monthly cash flow. Total monthly income runs $2,621/mo, and a $1,810/mo payment keeps the spread at $401/mo. Purchase price stands at $369,900, and rental yield measures 8.5% with $2,621/mo rent. Return on cash invested shows 23.83% in year one, and 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 123.69% and total cumulative return in cash records $151,666. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,621/mo property income covering a $1,810/mo payment rather than investor’s personal income.
Single Family
Built in 2019
9,583 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
28,098
Single Family
17,941
Multi-Family
10,157
Businesses
863
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Listed by: Michelle Wagoner • Keller Williams Lafayette
Mls Name: IRMLS
Mls ID: #202535798