3208 Hamilton StWest LafayetteIN47906
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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 3208 Hamilton St, West Lafayette, IN, 47906 offers $2,239/mo rent that, after a $2,149/mo payment. Total monthly income is $2,239/mo. Return on cash invested measures 16.64% in year one, and rental yield stands at 6.12% at a $439,000 entry. Equity gained on principal adds $2,833/yr while 5% annual appreciation compounds into $121,288 by year five. Five-year ROI records 85.06% and total cumulative return in cash reaches $123,788. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,239/mo property income versus a $2,149/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.26 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
28,098
Single Family
17,941
Multi-Family
10,157
Businesses
863
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Listed by: Belinda S Resheidat • F.C. Tucker/Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511096
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.