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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 1401 Franklin St, Lafayette, IN, 47905 offers a 7.96% rental yield on a $225,000 purchase with $1,492/mo rent. Total monthly income registers $1,492/mo, and a $1,101/mo payment leaves $142/mo available for distribution. Annual cash flow reaches $1,699/yr on $74,588 to close, and return on cash invested stands at 22.19% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 114.82% and total cumulative return in cash at $85,641. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,492/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
5,445 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 |
|---|---|---|
| 2025-09-19 | Sold | $225,000 |
| 2025-08-30 | Pending sale | $230,000 |
| 2025-08-18 | Listed for sale | $230,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $983.04 | -8.95% | $133,500 | 7.14% |
| 2023-10-19 | $1079.66 | 15.53% | $124,600 | 7.04% |
| 2022-10-19 | $934.50 | 19.33% | $116,400 | 10.96% |
What's Special
Pull Down Stairs,Storage
Listed by: Catherine Yeoman • Nightingale Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532910
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.
