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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 Lafayette at 114 Central St, Lafayette, IN, 47905 offers $961/mo rent that, after a $587/mo payment, leaves $241/mo cash flow. Total monthly income is $961/mo, and annual cash flow is $2,892/yr on $39,780 cash. Return on cash invested measures 27.18% in year one, and rental yield stands at 9.61% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 141.56% and total cumulative return in cash reaches $56,311. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $961/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
0.43 Acres 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 |
|---|---|---|
| 2025-07-15 | Listed for sale | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-17 | $68.06 | 2.01% | $133,300 | 6.73% |
| 2023-07-17 | $66.72 | 1.99% | $124,900 | 22.57% |
| 2022-07-17 | $65.42 | 2.00% | $101,900 | 7.83% |
What's Special
Storage
Listed by: Kellie Dussault • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202527510
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.
