403 Park AveLafayetteIN47904
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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
Rental property for sale in Lafayette at 403 Park Ave, Lafayette, IN, 47904 priced at $244,000 converts $1,598/mo rent into $134/mo cash flow after a $1,194/mo obligation. Total monthly income equals $1,598/mo, and annual cash flow totals $1,603/yr on $80,886 invested. Return on cash invested prints 21.89% in year one, and rental yield reads 7.86% against a $244,000 entry. Equity gained on principal adds $1,574/yr, while 5% annual appreciation compiles into $67,413 by year five. Five-year ROI reaches 113.25% and total cumulative return in cash sums $91,606. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,598/mo property income covering a $1,194/mo payment, not borrower’s personal income.
Single Family
Built in 1917
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47904, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,604 (100%) |
| Owner Occupied HU | 3,116 (41.0%) |
| Renter Occupied HU | 3,885 (51.1%) |
| Vacant Housing Units | 603 ( 7.9%) |
| Median Home Value | $128,606 |
| Average Home Value | $188,435 |
Housing Distribution
Address Breakdown
Residential
7,166
Single Family
6,169
Multi-Family
997
Businesses
623
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