535 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
Rental property for sale in West Lafayette at 535 E Union Ave, West Lafayette, OH, 43845 offers $900/mo rent that, after a $729/mo payment. Total monthly income is $900/mo. Return on cash invested measures 17.97% in year one, and rental yield stands at 7.25% at a $149,000 entry. Equity gained on principal adds $961/yr while 5% annual appreciation compounds into $41,166 by year five. Five-year ROI records 93.03% and total cumulative return in cash reaches $45,952. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $900/mo property income versus a $729/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
6,072 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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Nearby investment properties with comparable prices
Listed by: Angela Lawrence • Agents Realty & Auction Service
Mls Name: MLS Now
Mls Provider:
Mls ID: #5070191
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