1632 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 1632 Solemar Dr, West Lafayette, IN, 47906 earns $19/mo cash flow from $2,715/mo rent with a $2,198/mo payment. Total monthly income totals $2,715/mo, and annual cash flow totals $232/yr on $148,844 capital. ROI tracks 20.07% on current figures, and rental yield reads 7.26% at a $449,000 purchase. Equity gained on principal adds $2,897/yr, and 5% annual appreciation supports $124,050 over five years. Five-year ROI reaches 103.45% and total cumulative return in cash sums $153,976. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,715/mo property income instead of your personal income.
Single Family
Built in 2016
9,888 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: Tyler Nunnally • The Real Estate Agency
Mls Name: IRMLS
Mls ID: #202540098