816 Lindberg Rd, West Lafayette, IN, 47906 | $586/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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816 Lindberg Rd, West Lafayette, IN, 47906 | $586/mo Cash Flow | 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

Rental property for sale in West Lafayette at 816 Lindberg Rd, West Lafayette, IN, 47906 offers $2,657/mo rent that, after a $1,689/mo payment, leaves $586/mo cash flow. Total monthly income is $2,657/mo, and annual cash flow is $7,027/yr on $114,368 cash. Return on cash invested measures 26.05% in year one, and rental yield stands at 9.24% at a $345,000 entry. Equity gained on principal adds $2,226/yr while 5% annual appreciation compounds into $95,317 by year five. Five-year ROI records 135.56% and total cumulative return in cash reaches $155,032. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,657/mo property income versus a $1,689/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1950

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this beautiful 3-bedroom, 2-bathroom Mid-Century Modern gem. Step inside to an inviting foyer that opens into a bright and airy living and dining room combo, complete with vaulted ceilings, HydroShield Laminate flooring for added durability, floor-to-ceiling stonework surrounding the fireplace, and three large windows that flood the space with natural light. Just off the living area is a versatile 15' x 11' bonus roomideal as a sunroom, office, playroom, or creative studio. The kitchen features appliances less than five years old and connects seamlessly to a functional mudroom/laundry area with access to the outdoor patio, a full bathroom, and a 2-car garage that includes an 8' x 8' workshop with a utility sink. Vaulted ceilings continue throughout, making every space feel open. Down the hall, youll find three bedrooms and a second full bathroom showcasing original teak wood accents and bench, adding a unique touch of character. Enjoy peace of mind with major updates already completedroof, furnace, dual water heaters, and water softener, all under 10 years old. Outside, the level, fenced-in backyard offers plenty of space to relax or play, while the corner lot and pull-through driveway add extra convenience. Best of allno 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