3583 Collier DrLafayetteIN47905
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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 3583 Collier Dr, Lafayette, IN, 47905 offers a 8.96% rental yield on a $427,500 purchase with $3,192/mo rent. Total monthly income registers $3,192/mo, and a $2,092/mo payment leaves $601/mo available for distribution. Annual cash flow reaches $7,214/yr on $141,716 to close, and return on cash invested stands at 25% in year one. Equity gained on principal adds $2,759/yr while 5% annual appreciation supports $118,110 over five years. Portfolio math shows five-year ROI at 129.99% and total cumulative return in cash at $184,222. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,192/mo property income against a $2,092/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.30 Acres lot
$N/A/sqft
$300 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
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Listed by: Rebecca Wright • Epique Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202506345
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.