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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 1741 Skyline Rd, Lafayette, IN, 47905 priced at $320,000 converts $1,971/mo rent into after a $1,566/mo obligation. Total monthly income equals $1,971/mo. Return on cash invested prints 16.87% in year one, and rental yield reads 7.39% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 87.63% and total cumulative return in cash sums $92,955. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,971/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Townhouse
Built in 1999
3,920 sqft lot
$N/A/sqft
$205 monthly 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 |
|---|---|---|
| 2025-05-09 | Listed for sale | $320,000 |
| 2023-05-04 | Sold | $300,000 |
| 2023-04-11 | Pending sale | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-11 | $4024.00 | 6.85% | $229,300 | 13.97% |
| 2022-05-11 | $3766.00 | 4.26% | $201,200 | 6.85% |
| 2021-05-11 | $3612.00 | 104.99% | $188,300 | N/A |
Listed by: Stacy R Grove • @properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516756
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.
