606 Westview CirWest LafayetteIN47906
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew West Lafayette rentals match the income profile of 606 Westview Cir, West Lafayette, IN, 47906. Listed at $240,000, gross rent is $2,256/mo and net cash flow is $815/mo, a 11.28% yield well above national averages. DSCR 2.09 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $66,308 by year five with $2,210/yr in annual principal reduction, projecting $143,286 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 7.2% |
| Monthly Cash Flow | $815 | $450 |
City averages based on West Lafayette market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,256 |
| Total Monthly Debt Service | $1,345 |
| DSCR Ratio | 1.68x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1988
2,178 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1988
2,178 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebecca Gibson • Raeco Realty
Mls Name: IRMLS
Mls ID: #202537438