510 N 500 WWest 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 510 N 500 W, West Lafayette, IN, 47906 uses $63,980 cash to close to unlock $7,741/yr annual cash flow and $645/mo monthly cash flow. Total monthly income runs $1,804/mo, and a $945/mo payment keeps the spread at $645/mo. Purchase price stands at $193,000, and rental yield measures 11.22% with $1,804/mo rent. Return on cash invested shows 32.01% in year one, and 5% annual appreciation builds toward $53,322 over five years. Five-year ROI reaches 167.54% and total cumulative return in cash records $107,190. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,804/mo property income covering a $945/mo payment rather than investor’s personal income.
Single Family
Built in 1940
1.08 Acres 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: Spencer Childers • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202534715
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.