4104 Druze AveLafayetteIN47909
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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 4104 Druze Ave, Lafayette, IN, 47909 priced at $290,000 converts $1,721/mo rent into after a $1,419/mo obligation. Total monthly income equals $1,721/mo. Return on cash invested prints 19.67% in year one, and rental yield reads 7.12% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 101.31% and total cumulative return in cash sums $97,396. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,721/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 2006
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47909, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,777 (100%) |
| Owner Occupied HU | 11,637 (62.0%) |
| Renter Occupied HU | 5,952 (31.7%) |
| Vacant Housing Units | 1,188 ( 6.3%) |
| Median Home Value | $237,746 |
| Average Home Value | $278,258 |
Housing Distribution
Address Breakdown
Residential
18,114
Single Family
16,603
Multi-Family
1,511
Businesses
463
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Listed by: Brooke Quaglio • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513108
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.