420 Catherwood Dr #3West LafayetteIN47906
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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 420 Catherwood Dr #3, West Lafayette, IN, 47906 listed at $382,200 pairs $2,638/mo rent with a $1,871/mo payment to leave $343/mo cash flow. Total monthly income runs $2,638/mo, and annual cash flow reaches $4,121/yr on $126,699 cash to close. Return on cash invested measures 23.16% in year one, and rental yield registers 8.28% at a $382,200 basis. Equity gained on principal adds $2,466/yr, and annual property appreciation at 5% supports $105,595 by year five. Five-year ROI tracks 120.05% and total cumulative return in cash totals $152,107. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,638/mo property income relative to a $1,871/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2021
1,219 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47906, West Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,475 (100%) |
| Owner Occupied HU | 12,026 (39.5%) |
| Renter Occupied HU | 15,431 (50.6%) |
| Vacant Housing Units | 3,018 ( 9.9%) |
| Median Home Value | $337,444 |
| Average Home Value | $371,802 |
Housing Distribution
Address Breakdown
Residential
28,098
Single Family
17,941
Multi-Family
10,157
Businesses
863
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Listed by: N/A • N/A
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