608 Perrin AveLafayetteIN47904
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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
Investment Highlights
Rental property for sale in Lafayette at 608 Perrin Ave, Lafayette, IN, 47904 priced at $229,900 pairs $1,633/mo rent with $253/mo cash flow after a $1,125/mo payment. Total monthly income equals $1,633/mo, and annual cash flow comes to $3,038/yr on $76,212 invested. Return on cash invested is 23.9% in year one, and rental yield stands at 8.52% on a $229,900 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,517 by year five. Five-year ROI measures 124.03% and total cumulative return in cash reaches $94,523. For financing, Ziffy Mortgage’s DSCR program evaluates $1,633/mo property income against a $1,125/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1875
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47904, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,604 (100%) |
| Owner Occupied HU | 3,116 (41.0%) |
| Renter Occupied HU | 3,885 (51.1%) |
| Vacant Housing Units | 603 ( 7.9%) |
| Median Home Value | $128,606 |
| Average Home Value | $188,435 |
Housing Distribution
Address Breakdown
Residential
7,166
Single Family
6,169
Multi-Family
997
Businesses
623
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Listed by: Ryan Griswold • Elite Property Mgmt and Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522000
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.