4737 Elijah StWest 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
Rental property for sale in West Lafayette at 4737 Elijah St, West Lafayette, IN, 47906 generates $1,898/mo in rent and, after a $1,493/mo payment, leaves $67/mo in cash flow. Total monthly income is $1,898/mo, and annual cash flow is $804/yr on $101,108 invested. Return on cash invested sits at 20.7% in year one, and rental yield is 7.47% on a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 106.84% and total cumulative return in cash sums $108,022. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,898/mo property income rather than buyer’s personal income.
Single Family
Built in 2010
6,098 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: Kimberly Beazer • F.C. Tucker/Shook
Mls Name: IRMLS
Mls ID: #202600293