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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 1611 Waverly Dr, Lafayette, IN, 47909 generates $1,705/mo in rent and, after a $1,346/mo payment, leaves $42/mo in cash flow. Total monthly income is $1,705/mo, and annual cash flow is $501/yr on $91,163 invested. Return on cash invested sits at 20.46% in year one, and rental yield is 7.44% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 105.61% and total cumulative return in cash sums $96,275. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,705/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
7,840 sqft lot
$N/A/sqft
$150 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 |
|---|---|---|
| 2025-09-03 | Sold | $275,000 |
| 2025-07-25 | Pending sale | $280,000 |
| 2025-07-10 | Listed for sale | $280,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | $2018.00 | 20.05% | $220,400 | 7.41% |
| 2023-10-15 | $1681.00 | 5.39% | $205,200 | 22.07% |
| 2022-10-15 | $1595.00 | 8.43% | $168,100 | 5.39% |
What's Special
Pull Down Stairs,Storage
Listed by: Elizabeth Hobbs • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526663
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.
