3220 Hunter RdWest LafayetteIN47906
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 West Lafayette at 3220 Hunter Rd, West Lafayette, IN, 47906 uses $82,875 cash to close to unlock $1,473/yr annual cash flow and $123/mo monthly cash flow. Total monthly income runs $1,653/mo, and a $1,224/mo payment keeps the spread at $123/mo. Purchase price stands at $250,000, and rental yield measures 7.93% with $1,653/mo rent. Return on cash invested shows 21.69% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 112.3% and total cumulative return in cash records $93,070. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,653/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1997
5,009 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Clark • F.C. Tucker/Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526066
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.