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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 1401 Elizabeth St, Lafayette, IN, 47904 priced at $185,000 converts $1,160/mo rent into $50/mo cash flow after a $905/mo obligation. Total monthly income equals $1,160/mo, and annual cash flow totals $600/yr on $61,328 invested. Return on cash invested prints 20.89% in year one, and rental yield reads 7.52% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 107.84% and total cumulative return in cash sums $66,135. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,160/mo property income covering a $905/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47904, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,604 (100%) |
| Owner Occupied HU | 3,116 (41.0%) |
| Renter Occupied HU | 3,885 (51.1%) |
| Vacant Housing Units | 603 ( 7.9%) |
| Median Home Value | $128,606 |
| Average Home Value | $188,435 |
Residential
7,166
Single Family
6,169
Multi-Family
997
Businesses
623
Date | Event | Price |
|---|---|---|
| 2025-06-18 | Sold | $185,000 |
| 2025-05-14 | Pending sale | $185,000 |
| 2025-05-12 | Listed for sale | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1208.00 | 4.50% | $92,700 | 53.48% |
| 2023-10-24 | $1156.00 | 14.91% | $60,400 | 4.50% |
| 2022-10-24 | $1006.00 | N/A | $57,800 | 14.91% |
Listed by: Cole Kesling • Sue O'Brien - Titan RE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517209
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.
