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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 1500 McShay Dr, West Lafayette, IN, 47906 priced at $494,900 pairs $2,390/mo rent with after a $2,422/mo payment. Total monthly income equals $2,390/mo. Return on cash invested is 15.08% in year one, and rental yield stands at 5.8% on a $494,900 basis. Equity gained on principal adds $3,194/yr, and 5% annual appreciation accumulates to $136,732 by year five. Five-year ROI measures 76.91% and total cumulative return in cash reaches $126,183. For financing, Ziffy Mortgage’s DSCR program evaluates $2,390/mo property income against a $2,422/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
7,840 sqft lot
$N/A/sqft
$240 quarterly 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 |
|---|---|---|
| 2025-04-25 | Listed for sale | $494,900 |
| 2017-05-26 | Sold | $317,000 |
| 2017-03-06 | Listed for sale | $319,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-25 | $2456.62 | 11.29% | $357,400 | 12.25% |
| 2022-04-25 | $2207.46 | 2.97% | $318,400 | 6.06% |
| 2021-04-25 | $2143.84 | 7.04% | $300,200 | N/A |
Listed by: Amy Junius-Humbaugh • F.C. Tucker/Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514277
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.
