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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 West Lafayette at 1220 Fawn Ridge Dr, West Lafayette, IN, 47906 offers $3,288/mo rent that, after a $3,336/mo payment. Total monthly income is $3,288/mo. Return on cash invested measures 15.76% in year one, and rental yield stands at 5.79% at a $681,600 entry. Equity gained on principal adds $4,398/yr while 5% annual appreciation compounds into $188,314 by year five. Five-year ROI records 80.32% and total cumulative return in cash reaches $180,107. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,288/mo property income versus a $3,336/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
10.09 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47906, West Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,475 (100%) |
| Owner Occupied HU | 12,026 (39.5%) |
| Renter Occupied HU | 15,431 (50.6%) |
| Vacant Housing Units | 3,018 ( 9.9%) |
| Median Home Value | $337,444 |
| Average Home Value | $371,802 |
Residential
28,098
Single Family
17,941
Multi-Family
10,157
Businesses
863
Date | Event | Price |
|---|---|---|
| 2024-12-01 | Listing removed | $699,000 |
| 2024-08-27 | Price change | $699,000 |
| 2024-07-29 | Listed for sale | $739,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $3807.12 | 2.48% | $498,000 | 5.73% |
| 2023-10-24 | $3715.04 | 8.12% | $471,000 | 10.51% |
| 2022-10-24 | $3436.18 | -0.56% | $426,200 | 4.08% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
