Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 1637 Cason St, Lafayette, IN, 47904 priced at $249,900 converts $2,066/mo rent into $566/mo cash flow after a $1,223/mo obligation. Total monthly income equals $2,066/mo, and annual cash flow totals $6,792/yr on $82,842 invested. Return on cash invested prints 28.11% in year one, and rental yield reads 9.92% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 146.62% and total cumulative return in cash sums $121,466. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,066/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1915
8,015 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 |
|---|---|---|
| 2025-03-13 | Listed for sale | $249,900 |
| 2003-10-21 | Sold | $82,800 |
| 1993-07-20 | Sold | $46,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-14 | $753.86 | 43.16% | $120,200 | 21.17% |
| 2022-03-14 | $526.60 | 16.62% | $99,200 | 19.37% |
| 2021-03-14 | $451.54 | -2.63% | $83,100 | N/A |
Listed by: Jeremy K Spann • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508024
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.
