60 Mill DrLafayetteIN47905
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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 Lafayette at 60 Mill Dr, Lafayette, IN, 47905 at $395,000 posts ROI 28.77% with $967/mo cash flow from $3,485/mo rent. Total monthly income equals $3,485/mo, and annual cash flow records $11,608/yr on $130,943 to close. Return on cash invested measures 28.77% and rental yield reads 10.59% at the current $395,000. Equity gained on principal adds $2,549/yr, and 5% annual appreciation supports $109,131 by year five. Five-year ROI prints 150.64% and total cumulative return in cash totals $197,250.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,485/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1991
0.54 Acres lot
$N/A/sqft
$500 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47905, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,630 (100%) |
| Owner Occupied HU | 10,991 (56.0%) |
| Renter Occupied HU | 7,333 (37.4%) |
| Vacant Housing Units | 1,306 ( 6.7%) |
| Median Home Value | $254,797 |
| Average Home Value | $312,191 |
Housing Distribution
Address Breakdown
Residential
18,720
Single Family
15,750
Multi-Family
2,970
Businesses
1,408
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Listed by: Joan Abbott • Joan Abbott Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517416
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.