316 W Russell AveWest LafayetteOH43845
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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 West Lafayette at 316 W Russell Ave, West Lafayette, OH, 43845 priced at $249,900 converts $900/mo rent into after a $1,223/mo obligation. Total monthly income equals $900/mo. Return on cash invested prints 9.14% in year one, and rental yield reads 4.32% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 45.62% and total cumulative return in cash sums $37,790. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $900/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1956
9,448 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43845, West Lafayette, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,011 (100%) |
| Owner Occupied HU | 1,486 (73.9%) |
| Renter Occupied HU | 401 (19.9%) |
| Vacant Housing Units | 124 ( 6.2%) |
| Median Home Value | $140,041 |
| Average Home Value | $188,334 |
Housing Distribution
Address Breakdown
Residential
1,996
Single Family
1,985
Multi-Family
11
Businesses
99
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Listed by: Samantha E Lusk • Carol Goff & Associates
Mls Name: MLS Now
Mls ID: #5137761