80 Joye CtLafayetteIN47905
Nearby investment properties with comparable rents
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
Investment property for sale in Lafayette at 80 Joye Ct, Lafayette, IN, 47905 uses $117,683 cash to close to unlock $7,158/yr annual cash flow and $597/mo monthly cash flow. Total monthly income runs $2,728/mo, and a $1,738/mo payment keeps the spread at $597/mo. Purchase price stands at $355,000, and rental yield measures 9.22% with $2,728/mo rent. Return on cash invested shows 25.99% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 135.22% and total cumulative return in cash records $159,132. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,728/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.43 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices