2822 Prairie LnLafayetteIN47904
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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 2822 Prairie Ln, Lafayette, IN, 47904 offers a 9.88% rental yield on a $149,999 purchase with $1,235/mo rent. Total monthly income registers $1,235/mo, and a $734/mo payment leaves $335/mo available for distribution. Annual cash flow reaches $4,017/yr on $49,725 to close, and return on cash invested stands at 27.99% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 145.92% and total cumulative return in cash at $72,558. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,235/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
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: Siera Daniel • Murdock Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513752
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.