2652 Narragansett WayLafayetteIN47909
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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 2652 Narragansett Way, Lafayette, IN, 47909 earns $704/mo cash flow from $2,264/mo rent with a $1,272/mo payment. Total monthly income totals $2,264/mo, and annual cash flow totals $8,447/yr on $86,157 capital. ROI tracks 29.71% on current figures, and rental yield reads 10.45% at a $259,900 purchase. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 over five years. Five-year ROI reaches 155.16% and total cumulative return in cash sums $133,678. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,264/mo property income instead of your personal income.
Single Family
Built in 2004
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47909, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,777 (100%) |
| Owner Occupied HU | 11,637 (62.0%) |
| Renter Occupied HU | 5,952 (31.7%) |
| Vacant Housing Units | 1,188 ( 6.3%) |
| Median Home Value | $237,746 |
| Average Home Value | $278,258 |
Housing Distribution
Address Breakdown
Residential
18,114
Single Family
16,603
Multi-Family
1,511
Businesses
463
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