622 Romig StLafayetteIN47901
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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 Lafayette at 622 Romig St, Lafayette, IN, 47901 priced at $325,000 pairs $1,679/mo rent with after a $1,591/mo payment. Total monthly income equals $1,679/mo. Return on cash invested is 16.88% in year one, and rental yield stands at 6.2% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 86.36% and total cumulative return in cash reaches $93,037. For financing, Ziffy Mortgage’s DSCR program evaluates $1,679/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1920
4,748 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47901, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,754 (100%) |
| Owner Occupied HU | 418 (15.2%) |
| Renter Occupied HU | 1,979 (71.9%) |
| Vacant Housing Units | 357 (13.0%) |
| Median Home Value | $206,098 |
| Average Home Value | $258,678 |
Housing Distribution
Address Breakdown
Residential
2,451
Single Family
1,587
Multi-Family
864
Businesses
424
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Listed by: Tabitha Casto • TruVant Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523180
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.