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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 1603 Cason St, Lafayette, IN, 47904 earns $1,120/mo cash flow from $2,558/mo rent with a $1,172/mo payment. Total monthly income totals $2,558/mo, and annual cash flow totals $13,442/yr on $79,394 capital. ROI tracks 36.84% on current figures, and rental yield reads 12.82% at a $239,500 purchase. Equity gained on principal adds $1,545/yr, and 5% annual appreciation supports $66,169 over five years. Five-year ROI reaches 193.44% and total cumulative return in cash sums $153,577. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,558/mo property income instead of your personal income.
Single Family
Built in 1920
10,018 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 |
|---|---|---|
| 2025-03-06 | Sold | $239,500 |
| 2025-02-04 | Pending sale | $244,900 |
| 2024-12-26 | Price change | $244,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1992.00 | N/A | $99,600 | N/A |
| 2023-10-24 | $1992.00 | 19.00% | $99,600 | N/A |
| 2022-10-24 | $1674.00 | 4.63% | $99,600 | -8.03% |
Listed by: Lindsey R Foster • The Real Estate Agency
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435699
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.
