2209 Monon AveLafayetteIN47904
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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 2209 Monon Ave, Lafayette, IN, 47904 uses $71,272 cash to close to unlock $6,561/yr annual cash flow and $547/mo monthly cash flow. Total monthly income runs $1,837/mo, and a $1,052/mo payment keeps the spread at $547/mo. Purchase price stands at $214,999, and rental yield measures 10.25% with $1,837/mo rent. Return on cash invested shows 29.11% in year one, and 5% annual appreciation builds toward $59,400 over five years. Five-year ROI reaches 151.97% and total cumulative return in cash records $108,313. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,837/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1960
6,272 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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