2440 N 650 W, West Lafayette, IN, 47906 | 4.31% Rental Yield

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2440 N 650 W, West Lafayette, IN, 47906 | 4.31% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in West Lafayette at 2440 N 650 W, West Lafayette, IN, 47906 generates $2,208/mo in rent, after a $3,010/mo payment. Total monthly income is $2,208/mo. Return on cash invested sits at 11.26% in year one, and rental yield is 4.31% on a $615,000 entry. Equity gained on principal adds $3,969/yr, while 5% annual appreciation builds toward $169,913 over five years. Five-year ROI reaches 56.2% and total cumulative return in cash sums $113,705. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,208/mo property income rather than buyer’s personal income.

Single Family

Built in 1994

2.85 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming 3-bedroom home + a large loft, on nearly 3 acres, just minutes from Purdue University! 30 x 40 pole barn with electric, water, 10 x 20 cement slab and half loft. Completely fenced yard, with 5 separated pastures. Main-level primary suite with beautifully renovated spa-like bathroom- roll in shower, heated tile floor, and extra storage. Open kitchen with updated appliances, ample cabinetry, and an island. Two more bedrooms and a full bath with stackable laundry on main level. Semi-finished basement (floors are stained concrete) with 2nd staircase/entry from garage, 3rd full bath, 2nd laundry room, recreational space and two rooms. New garage doors. West Lafayette address, Benton County Schools.

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