Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 1205 Norma Jean Dr, Lafayette, IN, 47909 listed at $274,900 pairs $1,752/mo rent with a $1,346/mo payment to leave $102/mo cash flow. Total monthly income runs $1,752/mo, and annual cash flow reaches $1,228/yr on $91,129 cash to close. Return on cash invested measures 21.26% in year one, and rental yield registers 7.65% at a $274,900 basis. Equity gained on principal adds $1,774/yr, and annual property appreciation at 5% supports $75,950 by year five. Five-year ROI tracks 109.84% and total cumulative return in cash totals $100,095. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,752/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
0.32 Acres 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 |
|---|---|---|
| 2025-06-23 | Listed for sale | $274,900 |
| 2022-07-19 | Sold | $210,000 |
| 2022-06-22 | Pending sale | $194,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-25 | $1823.52 | 29.92% | $199,700 | 5.55% |
| 2023-06-25 | $1403.56 | 10.51% | $189,200 | 33.33% |
| 2022-06-25 | $1270.04 | 12.92% | $141,900 | 8.74% |
Listed by: Grant Thompson • Raeco Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524039
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.
