2617 Elmwood AveLafayetteIN47904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2617 Elmwood Ave, Lafayette, IN, 47904 at $215,000 posts ROI 26.59% with $397/mo cash flow from $1,687/mo rent. Total monthly income equals $1,687/mo, and annual cash flow records $4,761/yr on $71,273 to close. Return on cash invested measures 26.59% and rental yield reads 9.42% at the current $215,000. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 by year five. Five-year ROI prints 138.42% and total cumulative return in cash totals $98,653.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,687/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1927
7,405 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: LuAnn Parker • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513619
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.