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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 1644 Sandstone Ct W, Lafayette, IN, 47909 generates $3,000/mo in rent, after a $2,472/mo payment. Total monthly income is $3,000/mo. Return on cash invested sits at 19.72% in year one, and rental yield is 7.13% on a $505,000 entry. Equity gained on principal adds $3,259/yr, while 5% annual appreciation builds toward $139,522 over five years. Five-year ROI reaches 101.59% and total cumulative return in cash sums $168,786. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
0.38 Acres lot
$N/A/sqft
$190 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 |
|---|---|---|
| 2025-07-03 | Sold | $505,000 |
| 2025-06-18 | Pending sale | $515,000 |
| 2025-06-17 | Price change | $515,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $2951.94 | 5.85% | $394,700 | 3.41% |
| 2023-10-21 | $2788.82 | 6.67% | $381,700 | 8.04% |
| 2022-10-21 | $2614.46 | 6.42% | $353,300 | 6.45% |
Listed by: Daphne Potts • F.C. Tucker/Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516932
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.
