320 Brown St APT 709, West Lafayette, IN, 47906 | $215/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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320 Brown St APT 709, West Lafayette, IN, 47906 | $215/mo Cash Flow | Ziffy

For Sale

Currently Rented

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in West Lafayette at 320 Brown St APT 709, West Lafayette, IN, 47906 generates $860/mo in rent and, after a $526/mo payment, leaves $215/mo in cash flow. Total monthly income is $860/mo, and annual cash flow is $2,578/yr on $35,636 invested. Return on cash invested sits at 27.14% in year one, and rental yield is 9.6% on a $107,500 entry. Equity gained on principal adds $694/yr, while 5% annual appreciation builds toward $29,700 over five years. Five-year ROI reaches 141.38% and total cumulative return in cash sums $50,383. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $860/mo property income rather than buyer’s personal income.

Apartment

Built in 1983

2,265 sqft lot

$N/A/sqft

No HOA

More details about the property

We are pleased to offer a three-bedroom, two-bathroom condo. This newly updated apartment boasts a modern look, complete with wood flooring in the kitchen and living room, an updated fridge, and modernized bathrooms. The condo offers ample space and privacy, with the master bedroom featuring its own walk-in closet and private bathroom. Additionally, the condo has two balconies one in the living room and another in the master bedroom. The condo is conveniently located within walking or biking distance of Purdue's campus. The complex is situated behind a popular plaza with several well-known restaurants and bars. In fact, it's just a five-minute walk to the Neon Cactus and La Ha, and a 15-minute walk to Chipotle and Canes on the main strip.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47906, West Lafayette, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	30,475 (100%)
Owner Occupied HU	12,026 (39.5%)
Renter Occupied HU	15,431 (50.6%)
Vacant Housing Units	3,018 ( 9.9%)
Median Home Value	$337,444
Average Home Value	$371,802