ZIP CODE 47906 // LAFAYETTE-WEST LAFAYETTE, IN // DATA AS OF 2026-09-30
West Lafayette, IN (47906) Rental Property Cap Rate & Cash Flow Report
Located in Tippecanoe County (West Lafayette, IN), Zip Code 47906 ranks #127 of 500 within this selected sample (75th percentile) with a Zillow ZHVI typical home-value index of $363,103 (+1.1% YoY) and a ZORI observed market rent of $1,877/mo (+2.7% YoY). Requires at least 45.6% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$587/mo
Annual: -$7,049/yr
Modeled Cap Rate
4.13%
NOI: $14,984/yr
Cash-on-Cash Return
-8.44%
Cash Needed: $83,514
1% Rule Ratio
0.52%
Gross Yield: 6.20%
Break-Even Rent
$2,552/mo
State Tax: 0.77%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 47906 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (IN Avg 0.77%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,836/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$628/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (47906)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $291,368 | $1,420/mo | 5.85% |
| 2022 | $319,453 | $1,550/mo | 5.82% |
| 2023 | $329,666 | $1,661/mo | 6.05% |
| 2024 | $350,525 | $1,791/mo | 6.13% |
| 2025 | $359,017 | $1,828/mo | 6.11% |
| 2026 | $363,103 | $1,877/mo | 6.20% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 46307 Crown Point, IN | $360,152 | $1,729/mo | 3.74% | -$698/mo |
| 77084 Houston, TX | $261,493 | $1,526/mo | 4.12% | -$424/mo |
| 32825 Orlando, FL | $386,249 | $2,002/mo | 4.12% | -$627/mo |
| 43055 Newark, OH | $249,856 | $1,420/mo | 4.13% | -$403/mo |
| 85364 Yuma, AZ | $260,227 | $1,280/mo | 4.12% | -$423/mo |
| 78245 San Antonio, TX | $253,570 | $1,484/mo | 4.14% | -$407/mo |