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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 1202 Joseph St, Lafayette, IN, 47905 offers a 12.48% rental yield on a $184,000 purchase with $1,914/mo rent. Total monthly income registers $1,914/mo, and a $901/mo payment leaves $809/mo available for distribution. Annual cash flow reaches $9,709/yr on $60,996 to close, and return on cash invested stands at 35.83% in year one. Equity gained on principal adds $1,187/yr while 5% annual appreciation supports $50,836 over five years. Portfolio math shows five-year ROI at 188.02% and total cumulative return in cash at $114,685. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,914/mo property income against a $901/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
7,405 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 |
|---|---|---|
| 2024-11-22 | Sold | $184,000 |
| 2024-10-28 | Pending sale | $184,000 |
| 2024-09-10 | Price change | $184,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $378.78 | -10.95% | $80,000 | 14.61% |
| 2023-10-24 | $425.38 | -2.20% | $69,800 | 3.56% |
| 2022-10-24 | $434.94 | -63.73% | $67,400 | 1.97% |
Listed by: Maria Sandlin • Raeco Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202432352
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.
