2115 Thompson StLafayetteIN47904
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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 2115 Thompson St, Lafayette, IN, 47904 with 5% annual appreciation on a $324,000 basis while $1,220/mo rent supports operations. 81% in year one. Equity gained on principal adds $2,091/yr, and five-year appreciation sums $89,515 alongside rental yield of 4.52%. Five-year ROI measures 59.16% and total cumulative return in cash totals $63,539. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,220/mo property income versus a $1,586/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47904, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,604 (100%) |
| Owner Occupied HU | 3,116 (41.0%) |
| Renter Occupied HU | 3,885 (51.1%) |
| Vacant Housing Units | 603 ( 7.9%) |
| Median Home Value | $128,606 |
| Average Home Value | $188,435 |
Housing Distribution
Address Breakdown
Residential
7,166
Single Family
6,169
Multi-Family
997
Businesses
623
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Listed by: Kathryn Noles • RE/MAX At The Crossing
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514502
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.