357 Bluegrass DrLafayetteIN47905
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 Lafayette at 357 Bluegrass Dr, Lafayette, IN, 47905 earns $608/mo cash flow from $2,448/mo rent with a $1,492/mo payment. Total monthly income totals $2,448/mo, and annual cash flow totals $7,297/yr on $101,074 capital. ROI tracks 27.13% on current figures, and rental yield reads 9.63% at a $304,900 purchase. Equity gained on principal adds $1,967/yr, and 5% annual appreciation supports $84,238 over five years. Five-year ROI reaches 141.39% and total cumulative return in cash sums $142,910. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,448/mo property income instead of your personal income.
Single Family
Built in 2008
5,227 sqft lot
$N/A/sqft
$120 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47905, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,630 (100%) |
| Owner Occupied HU | 10,991 (56.0%) |
| Renter Occupied HU | 7,333 (37.4%) |
| Vacant Housing Units | 1,306 ( 6.7%) |
| Median Home Value | $254,797 |
| Average Home Value | $312,191 |
Housing Distribution
Address Breakdown
Residential
18,720
Single Family
15,750
Multi-Family
2,970
Businesses
1,408
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherry Cole • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509338
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.