400 N George StWest LafayetteOH43845
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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 400 N George St, West Lafayette, OH, 43845 listed at $132,000 pairs $900/mo rent with a $646/mo payment to leave $32/mo cash flow. Total monthly income runs $900/mo, and annual cash flow reaches $382/yr on $43,758 cash to close. Return on cash invested measures 20.78% in year one, and rental yield registers 8.18% at a $132,000 basis. Equity gained on principal adds $852/yr, and annual property appreciation at 5% supports $36,469 by year five. Five-year ROI tracks 108.04% and total cumulative return in cash totals $47,275. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $900/mo property income relative to a $646/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1977
8,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43845, West Lafayette, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,011 (100%) |
| Owner Occupied HU | 1,486 (73.9%) |
| Renter Occupied HU | 401 (19.9%) |
| Vacant Housing Units | 124 ( 6.2%) |
| Median Home Value | $140,041 |
| Average Home Value | $188,334 |
Housing Distribution
Address Breakdown
Residential
1,996
Single Family
1,985
Multi-Family
11
Businesses
99
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Listed by: Linda S Weber • Leonard and Newland Real Estate Services
Mls Name: MLS Now
Mls ID: #5138989