867 Shawnee Ave, Lafayette, IN, 47905 | 6.28% Rental Yield

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Price: $300K - 500K

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867 Shawnee Ave, Lafayette, IN, 47905 | 6.28% 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

Rental property for sale in Lafayette at 867 Shawnee Ave, Lafayette, IN, 47905 priced at $349,900 pairs $1,830/mo rent with after a $1,713/mo payment. Total monthly income equals $1,830/mo. Return on cash invested is 17.11% in year one, and rental yield stands at 6.28% on a $349,900 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,671 by year five. Five-year ROI measures 87.6% and total cumulative return in cash reaches $101,610. For financing, Ziffy Mortgage’s DSCR program evaluates $1,830/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1919

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 3-bedroom, 2-bath bungalow in the highly desirable Highland Park neighborhood. Full of warmth and character, this home blends classic charm with modern updates. Step inside to a bright and welcoming living room, highlighted by a cozy fireplace flanked by built-in bookshelves. The updated kitchen is designed for both style and function, featuring crisp white cabinets, stone countertops, stainless steel appliances, and a spacious island. The open layout flows seamlessly into the large dining area. The main bedroom offers a private retreat with its own bathroom, complete with a beautifully tiled walk-in shower. The unfinished basement adds valuable storage space. Outside, youll love the fenced-in backyard with an expansive deck. Situated in a sought-after location, this home is conveniently close to downtown attractions and Purdue University.

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