212 Myrtle 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 212 Myrtle Dr, West Lafayette, IN, 47906 with 5% annual appreciation on a $350,000 basis while $2,762/mo rent supports operations. Total monthly income totals $2,762/mo and a $1,713/mo payment preserves $661/mo for cash returns. Annual cash flow comes to $7,933/yr on $116,025 deployed, and return on cash invested reaches 26.75% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 9.47%. Five-year ROI measures 139.3% and total cumulative return in cash totals $161,618.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,762/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
0.27 Acres 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: Cathy C Russell • @properties
Mls Name: IRMLS
Mls ID: #202533655