16-18 Cabernet CtLafayetteIN47905
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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 16-18 Cabernet Ct, Lafayette, IN, 47905 generates $2,569/mo in rent, after a $2,491/mo payment. Total monthly income is $2,569/mo. Return on cash invested sits at 16.5% in year one, and rental yield is 6.06% on a $509,000 entry. Equity gained on principal adds $3,285/yr, while 5% annual appreciation builds toward $140,627 over five years. Five-year ROI reaches 84.33% and total cumulative return in cash sums $141,217. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,569/mo property income rather than buyer’s personal income.
Multi Family
Built in 2000
8,232 sqft lot
$N/A/sqft
$130 annually 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: Brandi Shaw • Indiana Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202602321
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.