3254 Hanover Dr BUILDING 14-ALafayetteIN47909
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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 3254 Hanover Dr BUILDING 14-A, Lafayette, IN, 47909 uses $48,068 cash to close to unlock $4,371/yr annual cash flow and $364/mo monthly cash flow. Total monthly income runs $1,420/mo, and a $710/mo payment keeps the spread at $364/mo. Purchase price stands at $145,000, and rental yield measures 11.75% with $1,420/mo rent. Return on cash invested shows 29% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 153.1% and total cumulative return in cash records $73,592. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,420/mo property income covering a $710/mo payment rather than investor’s personal income.
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: Kimberly Davis • Epique Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525285
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.