602 Woods EdgeWest 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 602 Woods Edge, West Lafayette, IN, 47906 priced at $141,900 converts $1,104/mo rent into $252/mo cash flow after a $695/mo obligation. Total monthly income equals $1,104/mo, and annual cash flow totals $3,021/yr on $47,040 invested. Return on cash invested prints 26.33% in year one, and rental yield reads 9.34% against a $141,900 entry. Equity gained on principal adds $916/yr, while 5% annual appreciation compiles into $39,204 by year five. Five-year ROI reaches 137.08% and total cumulative return in cash sums $64,483. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,104/mo property income covering a $695/mo payment, not borrower’s personal income.
Manufactured
Built in 2021
N/A 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: Shelly Barhydt • UMH Properties, Inc.
Mls Name: UMH Properties Inc
Mls Provider:
Mls ID: #N/A