1711 Lafayette Ave UNIT 8, Lebanon, IN, 46052 | $815/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1711 Lafayette Ave UNIT 8, Lebanon, IN, 46052 | $815/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lebanon at 1711 Lafayette Ave UNIT 8, Lebanon, IN, 46052 uses $74,588 cash to close to unlock $9,775/yr annual cash flow and $815/mo monthly cash flow. Total monthly income runs $2,165/mo, and a $1,101/mo payment keeps the spread at $815/mo. Purchase price stands at $225,000, and rental yield measures 11.55% with $2,165/mo rent. Return on cash invested shows 33.01% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 172.88% and total cumulative return in cash records $128,949. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,165/mo property income covering a $1,101/mo payment rather than investor’s personal income.

Condo

Built in 1976

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Eden Garden Condominiums! This highly desirable and well-maintained 3 bedroom, 2 bath condo offers comfort and convenience. Enjoy maintenance-free living with water, sewer, lawn care, and snow removal all included in the HOA. The home features a spacious layout, private garage, and a quiet neighborhood setting. Located in the growing Lebanon community, with the new LEAP District and Eli Lilly expansion bringing exciting growth and opportunity to the area. A fantastic choice for those seeking low-maintenance living with lasting value.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46052, Lebanon, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,620 (100%)
Owner Occupied HU	7,092 (66.8%)
Renter Occupied HU	2,845 (26.8%)
Vacant Housing Units	683 ( 6.4%)
Median Home Value	$249,031
Average Home Value	$321,785