205 E 7th StWest LafayetteOH43845
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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 205 E 7th St, West Lafayette, OH, 43845 generates $900/mo in rent, after a $954/mo payment. Total monthly income is $900/mo. Return on cash invested sits at 12.81% in year one, and rental yield is 5.54% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 65.3% and total cumulative return in cash sums $42,214. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $900/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43845, West Lafayette, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,011 (100%) |
| Owner Occupied HU | 1,486 (73.9%) |
| Renter Occupied HU | 401 (19.9%) |
| Vacant Housing Units | 124 ( 6.2%) |
| Median Home Value | $140,041 |
| Average Home Value | $188,334 |
Housing Distribution
Address Breakdown
Residential
1,996
Single Family
1,985
Multi-Family
11
Businesses
99
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Listed by: Eli Troyer • Kaufman Realty & Auction, LLC
Mls Name: MLS Now
Mls ID: #5160884