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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 1419 Potomac Ave, Lafayette, IN, 47905 generates $1,444/mo in rent and, after a $930/mo payment, leaves $303/mo in cash flow. Total monthly income is $1,444/mo, and annual cash flow is $3,641/yr on $62,985 invested. Return on cash invested sits at 25.69% in year one, and rental yield is 9.12% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 133.65% and total cumulative return in cash sums $84,180. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,444/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
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 |
|---|---|---|
| 2025-09-12 | Sold | $190,000 |
| 2025-08-10 | Pending sale | $189,900 |
| 2025-07-28 | Price change | $189,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $600.16 | 33.01% | $143,400 | 5.99% |
| 2023-10-22 | $451.20 | -38.52% | $135,300 | 15.54% |
| 2022-10-22 | $733.84 | 21.38% | $117,100 | 22.11% |
Listed by: John Townsend • Trueblood Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528216
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.
