3910 Chenango PlWest LafayetteIN47906
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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 West Lafayette at 3910 Chenango Pl, West Lafayette, IN, 47906 offers a 8.05% rental yield on a $335,000 purchase with $2,247/mo rent. Total monthly income registers $2,247/mo, and a $1,640/mo payment leaves $236/mo available for distribution. Annual cash flow reaches $2,829/yr on $111,053 to close, and return on cash invested stands at 22.46% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,554 over five years. Portfolio math shows five-year ROI at 116.26% and total cumulative return in cash at $129,104. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,247/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
9,147 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
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Listed by: Tamara House • RE/MAX At The Crossing
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22082137