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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% |
Investment property for sale in Lafayette at 1002 Elizabeth St, Lafayette, IN, 47904 uses $38,123 cash to close to unlock $7,518/yr annual cash flow and $627/mo monthly cash flow. Total monthly income runs $1,317/mo, and a $563/mo payment keeps the spread at $627/mo. Purchase price stands at $115,000, and rental yield measures 13.74% with $1,317/mo rent. Return on cash invested shows 39.63% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 208.41% and total cumulative return in cash records $79,449. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,317/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1901
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47904, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,604 (100%) |
| Owner Occupied HU | 3,116 (41.0%) |
| Renter Occupied HU | 3,885 (51.1%) |
| Vacant Housing Units | 603 ( 7.9%) |
| Median Home Value | $128,606 |
| Average Home Value | $188,435 |
Residential
7,166
Single Family
6,169
Multi-Family
997
Businesses
623
Date | Event | Price |
|---|---|---|
| 2025-07-07 | Sold | $115,000 |
| 2025-06-14 | Pending sale | $120,000 |
| 2025-06-11 | Listed for sale | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $891.92 | 33.80% | $126,100 | 7.32% |
| 2023-10-23 | $666.62 | 16.80% | $117,500 | 25.40% |
| 2022-10-23 | $570.76 | 48.77% | $93,700 | 8.70% |
Listed by: Danielle Russell • Lafayette Listing Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522179
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.
