3223 Hanover DrLafayetteIN47909
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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
Investment property for sale in Lafayette at 3223 Hanover Dr, Lafayette, IN, 47909 listed at $145,000 pairs $1,588/mo rent with a $710/mo payment to leave $478/mo cash flow. Total monthly income runs $1,588/mo, and annual cash flow reaches $5,741/yr on $48,068 cash to close. Return on cash invested measures 31.85% in year one, and rental yield registers 13.14% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 168.88% and total cumulative return in cash totals $81,176. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,588/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1975
N/A lot
$N/A/sqft
$185 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47909, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,777 (100%) |
| Owner Occupied HU | 11,637 (62.0%) |
| Renter Occupied HU | 5,952 (31.7%) |
| Vacant Housing Units | 1,188 ( 6.3%) |
| Median Home Value | $237,746 |
| Average Home Value | $278,258 |
Housing Distribution
Address Breakdown
Residential
18,114
Single Family
16,603
Multi-Family
1,511
Businesses
463
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Listed by: Belinda Simmons • BerkshireHathaway HS IN Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520815
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.