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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in West Lafayette at 100 Elvernan Dr, West Lafayette, IN, 47906 generates $3,354/mo in rent, after a $2,785/mo payment. Total monthly income is $3,354/mo. Return on cash invested sits at 19.67% in year one, and rental yield is 7.07% on a $569,000 entry. Equity gained on principal adds $3,672/yr, while 5% annual appreciation builds toward $157,204 over five years. Five-year ROI reaches 101.27% and total cumulative return in cash sums $189,575. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,354/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
5 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47906, West Lafayette, IN area.
| 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 |
Residential
28,098
Single Family
17,941
Multi-Family
10,157
Businesses
863
Date | Event | Price |
|---|---|---|
| 2003-11-10 | Sold | $250,000 |
| 1995-07-18 | Sold | $229,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-02 | $2381.72 | 5.50% | $325,600 | 5.68% |
| 2022-04-02 | $2257.46 | 3.51% | $308,100 | 3.49% |
| 2021-04-02 | $2180.96 | 1.66% | $297,700 | N/A |
Listed by: Belinda S Resheidat • F.C. Tucker/Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510523
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
