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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 1012 Alder Dr, Lafayette, IN, 47909 uses $58,013 cash to close to unlock $3,960/yr annual cash flow and $330/mo monthly cash flow. Total monthly income runs $1,381/mo, and a $857/mo payment keeps the spread at $330/mo. Purchase price stands at $175,000, and rental yield measures 9.47% with $1,381/mo rent. Return on cash invested shows 26.74% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 139.29% and total cumulative return in cash records $80,803. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,381/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1956
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47909, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,777 (100%) |
| Owner Occupied HU | 11,637 (62.0%) |
| Renter Occupied HU | 5,952 (31.7%) |
| Vacant Housing Units | 1,188 ( 6.3%) |
| Median Home Value | $237,746 |
| Average Home Value | $278,258 |
Residential
18,114
Single Family
16,603
Multi-Family
1,511
Businesses
463
Date | Event | Price |
|---|---|---|
| 2025-09-12 | Sold | $175,000 |
| 2025-08-22 | Pending sale | $180,000 |
| 2025-08-18 | Price change | $180,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $905.94 | 3.02% | $118,500 | 6.76% |
| 2023-10-31 | $879.38 | 74.56% | $111,000 | 13.61% |
| 2022-10-31 | $503.76 | 16.92% | $97,700 | 27.05% |
What's Special
Storage
Listed by: Anthony Jennings • Real Broker, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530052
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.
