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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 1402 Hedgewood Dr, Lafayette, IN, 47904 at $195,000 posts ROI 23.92% with $216/mo cash flow from $1,386/mo rent. Total monthly income equals $1,386/mo, and annual cash flow records $2,590/yr on $64,643 to close. Return on cash invested measures 23.92% and rental yield reads 8.53% at the current $195,000. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,875 by year five. Five-year ROI prints 124.09% and total cumulative return in cash totals $80,218.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,386/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1952
5,793 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 |
|---|---|---|
| 2025-06-13 | Sold | $195,000 |
| 2025-05-18 | Pending sale | $197,500 |
| 2025-05-16 | Listed for sale | $197,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $710.38 | 3.04% | $110,400 | 7.08% |
| 2023-10-31 | $689.42 | 27.01% | $103,100 | 8.41% |
| 2022-10-31 | $542.80 | 32.02% | $95,100 | 12.81% |
What's Special
Storage
Listed by: Katherine Anderson • Anderson Real Estate, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518185
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.
