425 E Union AveWest 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 425 E Union Ave, West Lafayette, OH, 43845 uses $39,780 cash to close to unlock $1,332/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $900/mo, and a $587/mo payment keeps the spread at $111/mo. Purchase price stands at $120,000, and rental yield measures 9% with $900/mo rent. Return on cash invested shows 23.26% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 121.28% and total cumulative return in cash records $48,247. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $900/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1974
5,000 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: Christi Olinger • Olinger & Company Realty, LLC.
Mls Name: MLS Now
Mls ID: #5178240