413 Lingle AveLafayetteIN47901
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 413 Lingle Ave, Lafayette, IN, 47901 offers a 6.44% rental yield on a $400,000 purchase with $2,148/mo rent. 62% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 90.31% and total cumulative return in cash at $119,752. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,148/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47901, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,754 (100%) |
| Owner Occupied HU | 418 (15.2%) |
| Renter Occupied HU | 1,979 (71.9%) |
| Vacant Housing Units | 357 (13.0%) |
| Median Home Value | $206,098 |
| Average Home Value | $258,678 |
Housing Distribution
Address Breakdown
Residential
2,451
Single Family
1,587
Multi-Family
864
Businesses
424
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kari C Schrader • F.C. Tucker/Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519799
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.