615 Trace SixWest 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 615 Trace Six, West Lafayette, IN, 47906 priced at $218,000 pairs $1,727/mo rent with $47/mo cash flow after a $1,067/mo payment. Total monthly income equals $1,727/mo, and annual cash flow comes to $558/yr on $72,267 invested. Return on cash invested is 20.68% in year one, and rental yield stands at 9.51% on a $218,000 basis. Equity gained on principal adds $1,407/yr, and 5% annual appreciation accumulates to $60,229 by year five. Five-year ROI measures 109.01% and total cumulative return in cash reaches $78,775. For financing, Ziffy Mortgage’s DSCR program evaluates $1,727/mo property income against a $1,067/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1984
1,219 sqft lot
$N/A/sqft
$240 monthly 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: Tara Hines • F.C. Tucker/Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524978
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.