608 Matthew StWest 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 608 Matthew St, West Lafayette, IN, 47906 priced at $299,900 pairs $1,854/mo rent with $54/mo cash flow after a $1,468/mo payment. Total monthly income equals $1,854/mo, and annual cash flow comes to $643/yr on $99,417 invested. Return on cash invested is 20.56% in year one, and rental yield stands at 7.42% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 106.09% and total cumulative return in cash reaches $105,472. For financing, Ziffy Mortgage’s DSCR program evaluates $1,854/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
10,454 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
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Listed by: Wesley Darling • BerkshireHathaway HS IN Realty
Mls Name: IRMLS
Mls ID: #202600975