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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 1207 S 2nd St, Lafayette, IN, 47905 generates $1,287/mo in rent and, after a $783/mo payment, leaves $327/mo in cash flow. Total monthly income is $1,287/mo, and annual cash flow is $3,920/yr on $53,040 invested. Return on cash invested sits at 27.3% in year one, and rental yield is 9.65% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 142.27% and total cumulative return in cash sums $75,458. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,287/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
6,098 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 |
|---|---|---|
| 2025-03-22 | Listed for sale | $160,000 |
| 2022-09-12 | Sold | $125,000 |
| 2022-09-02 | Pending sale | $134,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-22 | $386.50 | -69.13% | $70,300 | 10.02% |
| 2022-03-22 | $1252.00 | 15.07% | $63,900 | 2.08% |
| 2021-03-22 | $1088.00 | 10.57% | $62,600 | N/A |
Listed by: Isac Villanueva • Listing Leaders Northwest, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509465
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.
