7916 E 700 SLafayetteIN47905
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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
Investment property for sale in Lafayette at 7916 E 700 S, Lafayette, IN, 47905 uses $115,992 cash to close to unlock $4,718/yr annual cash flow and $393/mo monthly cash flow. Total monthly income runs $2,494/mo, and a $1,713/mo payment keeps the spread at $393/mo. Purchase price stands at $349,900, and rental yield measures 8.55% with $2,494/mo rent. Return on cash invested shows 23.98% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 124.44% and total cumulative return in cash records $144,342. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,494/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47905, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,630 (100%) |
| Owner Occupied HU | 10,991 (56.0%) |
| Renter Occupied HU | 7,333 (37.4%) |
| Vacant Housing Units | 1,306 ( 6.7%) |
| Median Home Value | $254,797 |
| Average Home Value | $312,191 |
Housing Distribution
Address Breakdown
Residential
18,720
Single Family
15,750
Multi-Family
2,970
Businesses
1,408
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