6551 S 150 W, Lafayette, IN, 47909 | 5.33% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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6551 S 150 W, Lafayette, IN, 47909 | 5.33% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,394/mo, and a $2,638/mo payment. Purchase price stands at $539,000, and rental yield measures 5.33% with $2,394/mo rent. Return on cash invested shows 14.37% in year one, and 5% annual appreciation builds toward $148,916 over five years. Five-year ROI reaches 72.85% and total cumulative return in cash records $129,180. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $2,638/mo payment rather than investor’s personal income.

Single Family

Built in 1979

5 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to your dream property! Nestled on 5 acres-complete with an in-ground pool, fenced pastures, and two versatile pole barns. This 5-bedroom, 2.5-bath home blends modern updates with country charm, offering both space and comfort. Inside, natural light fills the foyer and open living spaces. The remodeled kitchen features quartz countertops, a butcher block island, two pantries, and views of the pool-perfect for gathering and entertaining. The family room with fireplace overlooks the pool area, while the formal living and dining rooms provide serene views of pastures and mature trees. The main floor includes a spacious primary suite with remodeled bath and walk-in shower, along with two guest bedrooms-one currently used as an office for added flexibility. Upstairs, you'll find two additional bedrooms for family, guests, or office space. A mudroom/laundry with half bath adds convenience and connects directly to the oversized garage. Step outside to enjoy a backyard designed for relaxation and fun. The pool and pergola create the perfect spot for summer days, grilling, and entertaining, with a brand-new fence being installed. Animal lovers will appreciate three fenced pastures with 2 automatic water units and shelter, while hobbyists will enjoy two pole barns with electricity-one finished as a shop in 2018. Recent updates include: pool pump (2025), liner (2022), HVAC (2020), remodeled kitchen and baths, new flooring, paint, windows, crawlspace improvements, and more. Located just a short drive to Purdue, shopping, and dining, with schools including Mintonye Elementary, Southwestern Middle, and McCutcheon High.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47909, Lafayette, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,777 (100%)
Owner Occupied HU	11,637 (62.0%)
Renter Occupied HU	5,952 (31.7%)
Vacant Housing Units	1,188 ( 6.3%)
Median Home Value	$237,746
Average Home Value	$278,258