850 Cherry StWest LafayetteOH43845
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
Rental property for sale in West Lafayette at 850 Cherry St, West Lafayette, OH, 43845 offers $900/mo rent that, after a $2,359/mo payment. Total monthly income is $900/mo. Return on cash invested measures 2.86% in year one, and rental yield stands at 2.24% at a $482,000 entry. Equity gained on principal adds $3,110/yr while 5% annual appreciation compounds into $133,168 by year five. Five-year ROI records 11.92% and total cumulative return in cash reaches $19,040. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $900/mo property income versus a $2,359/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
10.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43845, West Lafayette, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,011 (100%) |
| Owner Occupied HU | 1,486 (73.9%) |
| Renter Occupied HU | 401 (19.9%) |
| Vacant Housing Units | 124 ( 6.2%) |
| Median Home Value | $140,041 |
| Average Home Value | $188,334 |
Housing Distribution
Address Breakdown
Residential
1,996
Single Family
1,985
Multi-Family
11
Businesses
99
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marc C Lacy • Olde Town Realty
Mls Name: MLS Now
Mls ID: #5176516