224 Tinkler 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
Rental property for sale in Lafayette at 224 Tinkler St, Lafayette, IN, 47901 offers $1,288/mo rent that, after a $2,031/mo payment. Total monthly income is $1,288/mo. Return on cash invested measures 9.42% in year one, and rental yield stands at 3.72% at a $415,000 entry. Equity gained on principal adds $2,678/yr while 5% annual appreciation compounds into $114,657 by year five. Five-year ROI records 46.36% and total cumulative return in cash reaches $63,777. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,288/mo property income versus a $2,031/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1915
9,879 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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