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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 1129 S 22nd St, Lafayette, IN, 47905 listed at $239,000 pairs $2,166/mo rent with a $1,170/mo payment to leave $731/mo cash flow. Total monthly income runs $2,166/mo, and annual cash flow reaches $8,773/yr on $79,229 cash to close. Return on cash invested measures 30.98% in year one, and rental yield registers 10.88% at a $239,000 basis. Equity gained on principal adds $1,542/yr, and annual property appreciation at 5% supports $66,031 by year five. Five-year ROI tracks 162.03% and total cumulative return in cash totals $128,376. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,166/mo property income relative to a $1,170/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1948
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47905, Lafayette, IN area.
| 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 |
Residential
18,720
Single Family
15,750
Multi-Family
2,970
Businesses
1,408
Date | Event | Price |
|---|---|---|
| 2025-09-22 | Sold | $239,000 |
| 2025-08-22 | Listed for sale | $239,000 |
| 2022-12-02 | Sold | $190,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $1447.60 | 70.65% | $174,500 | 8.52% |
| 2023-10-22 | $848.30 | 23.30% | $160,800 | 59.05% |
| 2022-10-22 | $688.00 | 34.92% | $101,100 | 13.47% |
Listed by: Erin A Haynes • F.C. Tucker/Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202533738
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.
