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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 1632 Skyline Rd, Lafayette, IN, 47905 generates $2,270/mo in rent and, after a $1,366/mo payment, leaves $376/mo in cash flow. Total monthly income is $2,270/mo, and annual cash flow is $4,509/yr on $92,489 invested. Return on cash invested sits at 24.78% in year one, and rental yield is 9.76% on a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 129.78% and total cumulative return in cash sums $120,031. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,270/mo property income rather than buyer’s personal income.
Townhouse
Built in 2000
3,484 sqft lot
$N/A/sqft
$204 annually HOA
Neighborhood data shown for ZIP Code: 47905, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,630 (100%) |
| Owner Occupied HU | 10,991 (56.0%) |
| Renter Occupied HU | 7,333 (37.4%) |
| Vacant Housing Units | 1,306 ( 6.7%) |
| Median Home Value | $254,797 |
| Average Home Value | $312,191 |
Residential
18,720
Single Family
15,750
Multi-Family
2,970
Businesses
1,408
Date | Event | Price |
|---|---|---|
| 2025-05-30 | Sold | $279,000 |
| 2024-11-01 | Pending sale | $289,000 |
| 2024-09-06 | Price change | $289,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $4740.00 | 11.53% | $260,000 | 9.70% |
| 2023-10-24 | $4250.00 | 113.89% | $237,000 | 11.53% |
| 2022-10-24 | $1987.00 | 42.96% | $212,500 | 6.95% |
Listed by: Karina Hernandez • Trueblood Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21997015
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 00:17:41 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
