40 Williams Ridge Ct, Lafayette, IN, 47905 | $844/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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40 Williams Ridge Ct, Lafayette, IN, 47905 | $844/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lafayette at 40 Williams Ridge Ct, Lafayette, IN, 47905 priced at $440,000 pairs $3,486/mo rent with $844/mo cash flow after a $2,154/mo payment. Total monthly income equals $3,486/mo, and annual cash flow comes to $10,132/yr on $145,860 invested. Return on cash invested is 26.86% in year one, and rental yield stands at 9.51% on a $440,000 basis. Equity gained on principal adds $2,839/yr, and 5% annual appreciation accumulates to $121,564 by year five. Five-year ROI measures 139.86% and total cumulative return in cash reaches $203,998. For financing, Ziffy Mortgage’s DSCR program evaluates $3,486/mo property income against a $2,154/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2005

0.67 Acres lot

$N/A/sqft

No HOA

More details about the property

Meticulously maintained 3,574 sq. ft. walkout ranch nestled in the woods within city limits. Beautiful views off the deck and lower walkout patio. Walk into vaulted ceilings great room with large custom wood paneled fireplace and beautiful luxury vinyl plank flooring. Gorgeous views out the kitchen and custom kitchen cabinets. Sellers added beautiful quartz counter tops, bar, and backsplash. All stainless appliances new in 2020, water heater in 2020. Master suite is huge and so much natural light, spa like master bath with tiled step-in shower and separate tub, large walk-in closet. Main floor offers 2 bedrooms and basement 1 bedroom with full daylight window. You can enjoy the deck off the master bedroom or kitchen. Large/wide basement stairs open to great room on 1st floor. Basement is open and spacious with new luxury vinyl plank flooring, separate deck area, full bath, storage room with workbench, cozy nook and sliding doors that offers you a second patio to entertain at. Basement office/den area is very large, can be a 4th bedroom. Yard offers fenced in area. Sq. Ft. based on county records. Shed. So very beautiful.

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