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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 West Lafayette at 1548 Solemar Dr, West Lafayette, IN, 47906 offers a 8.48% rental yield on a $355,000 purchase with $2,509/mo rent. Total monthly income registers $2,509/mo, and a $1,738/mo payment leaves $297/mo available for distribution. Annual cash flow reaches $3,561/yr on $117,683 to close, and return on cash invested stands at 22.93% in year one. Equity gained on principal adds $2,291/yr while 5% annual appreciation supports $98,080 over five years. Portfolio math shows five-year ROI at 119.13% and total cumulative return in cash at $140,196. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,509/mo property income against a $1,738/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
10,018 sqft lot
$N/A/sqft
$970 annually 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 |
|---|---|---|
| 2024-11-19 | Sold | $355,000 |
| 2024-10-17 | Pending sale | $355,000 |
| 2024-10-16 | Price change | $355,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $2225.34 | 0.49% | $319,400 | 1.98% |
| 2023-10-24 | $2214.56 | 13.80% | $313,200 | 9.01% |
| 2022-10-24 | $1945.96 | 995.95% | $287,300 | 8.05% |
What's Special
Pull Down Stairs
Listed by: Sherry Cole • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439454
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.
