397 Bluegrass 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 397 Bluegrass Dr, Lafayette, IN, 47905 with 5% annual appreciation on a $312,000 basis while $2,545/mo rent supports operations. Total monthly income totals $2,545/mo and a $1,527/mo payment preserves $672/mo for cash returns. Annual cash flow comes to $8,066/yr on $103,428 deployed, and return on cash invested reaches 27.71% in year one. Equity gained on principal adds $2,013/yr, and five-year appreciation sums $86,200 alongside rental yield of 9.79%. Five-year ROI measures 144.45% and total cumulative return in cash totals $149,399.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,545/mo property income versus a $1,527/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2008
5,248 sqft lot
$N/A/sqft
No 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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