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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% |
Investment property for sale in Lafayette at 1834 Union St, Lafayette, IN, 47904 with 5% annual appreciation on a $150,000 basis while $1,700/mo rent supports operations. Total monthly income totals $1,700/mo and a $734/mo payment preserves $800/mo for cash returns. Annual cash flow comes to $9,597/yr on $49,725 deployed, and return on cash invested reaches 39.21% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 13.6%. Five-year ROI measures 206.11% and total cumulative return in cash totals $102,486.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,700/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1901
6,751 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 |
|---|---|---|
| 2025-08-22 | Sold | $150,000 |
| 2025-06-12 | Price change | $185,000 |
| 2025-05-30 | Price change | $195,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $1083.14 | 8.37% | $147,500 | 11.40% |
| 2023-10-21 | $999.52 | 46.27% | $132,400 | 19.17% |
| 2022-10-21 | $683.32 | 14.57% | $111,100 | 25.11% |
What's Special
Pull Down Stairs,Storage,Walk-up
Listed by: Joseph Spivey Jr. • Real Broker, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516828
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.
