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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 1608 Hart St, Lafayette, IN, 47904 offers $1,302/mo rent that, after a $636/mo payment, leaves $522/mo cash flow. Total monthly income is $1,302/mo, and annual cash flow is $6,264/yr on $43,062 cash. Return on cash invested measures 34.46% in year one, and rental yield stands at 12.03% at a $129,900 entry. Equity gained on principal adds $838/yr while 5% annual appreciation compounds into $35,889 by year five. Five-year ROI records 180.76% and total cumulative return in cash reaches $77,839. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,302/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
6,098 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 |
|---|---|---|
| 2025-04-16 | Listed for sale | $129,900 |
| 2004-06-01 | Sold | $53,346 |
| 1994-07-27 | Sold | $47,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-17 | $1052.00 | 10.04% | $57,900 | 10.08% |
| 2022-04-17 | $956.00 | 2.58% | $52,600 | 10.04% |
| 2021-04-17 | $932.00 | 1.97% | $47,800 | N/A |
Listed by: Grant Thompson • Raeco Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513028
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.
