205-207 S 6th StLafayetteIN47901
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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 Lafayette at 205-207 S 6th St, Lafayette, IN, 47901 earns $576/mo cash flow from $2,040/mo rent with a $1,194/mo payment. Total monthly income totals $2,040/mo, and annual cash flow totals $6,907/yr on $80,886 capital. ROI tracks 28.45% on current figures, and rental yield reads 10.03% at a $244,000 purchase. Equity gained on principal adds $1,574/yr, and 5% annual appreciation supports $67,413 over five years. Five-year ROI reaches 148.4% and total cumulative return in cash sums $120,034. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,040/mo property income instead of your personal income.
Multi Family
Built in 1890
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47901, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,754 (100%) |
| Owner Occupied HU | 418 (15.2%) |
| Renter Occupied HU | 1,979 (71.9%) |
| Vacant Housing Units | 357 (13.0%) |
| Median Home Value | $206,098 |
| Average Home Value | $258,678 |
Housing Distribution
Address Breakdown
Residential
2,451
Single Family
1,587
Multi-Family
864
Businesses
424
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