302 Lafayette StValparaisoIN46383
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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 Valparaiso at 302 Lafayette St, Valparaiso, IN, 46383 priced at $319,000 pairs $1,355/mo rent with after a $1,561/mo payment. Total monthly income equals $1,355/mo. Return on cash invested is 13.56% in year one, and rental yield stands at 5.1% on a $319,000 basis. Equity gained on principal adds $2,058/yr, and 5% annual appreciation accumulates to $88,134 by year five. Five-year ROI measures 68.56% and total cumulative return in cash reaches $72,505. For financing, Ziffy Mortgage’s DSCR program evaluates $1,355/mo property income against a $1,561/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1899
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46383, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,498 (100%) |
| Owner Occupied HU | 11,580 (62.6%) |
| Renter Occupied HU | 5,911 (32.0%) |
| Vacant Housing Units | 1,007 ( 5.4%) |
| Median Home Value | $323,566 |
| Average Home Value | $344,855 |
Housing Distribution
Address Breakdown
Residential
17,447
Single Family
14,830
Multi-Family
2,617
Businesses
1,505
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Listed by: Jeffrey Sederberg • Evolution Real Estate Solution
Mls Name: NIRA
Mls ID: #832647