1602 Scarlett 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
Rental property for sale in West Lafayette at 1602 Scarlett Dr, West Lafayette, IN, 47906 priced at $558,000 converts $2,580/mo rent into after a $2,731/mo obligation. Total monthly income equals $2,580/mo. Return on cash invested prints 15.03% in year one, and rental yield reads 5.55% against a $558,000 entry. Equity gained on principal adds $3,601/yr, while 5% annual appreciation compiles into $154,165 by year five. Five-year ROI reaches 76.41% and total cumulative return in cash sums $140,269. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,580/mo property income covering a $2,731/mo payment, not borrower’s personal income.
Single Family
Built in 2004
8,276 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: Qiuju S Zhang • Sweet Home Realty
Mls Name: IRMLS
Mls ID: #202517792