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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 1606 Waverly Dr, Lafayette, IN, 47909 generates $2,100/mo in rent and, after a $1,370/mo payment, leaves $410/mo in cash flow. Total monthly income is $2,100/mo, and annual cash flow is $4,917/yr on $92,787 invested. Return on cash invested sits at 25.21% in year one, and rental yield is 9% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 131.08% and total cumulative return in cash sums $121,621. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,100/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
8,712 sqft lot
$N/A/sqft
$120 annually HOA
Neighborhood data shown for ZIP Code: 47909, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,777 (100%) |
| Owner Occupied HU | 11,637 (62.0%) |
| Renter Occupied HU | 5,952 (31.7%) |
| Vacant Housing Units | 1,188 ( 6.3%) |
| Median Home Value | $237,746 |
| Average Home Value | $278,258 |
Residential
18,114
Single Family
16,603
Multi-Family
1,511
Businesses
463
Date | Event | Price |
|---|---|---|
| 2025-05-30 | Listed for sale | $279,900 |
| 2021-11-03 | Sold | $230,000 |
| 2021-10-03 | Pending sale | $214,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-02 | $1965.82 | 22.33% | $214,800 | 7.29% |
| 2023-06-02 | $1607.00 | 5.24% | $200,200 | 23.66% |
| 2022-06-02 | $1527.00 | -45.85% | $161,900 | 5.20% |
Listed by: Erin A Haynes • F.C. Tucker/Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520311
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.
