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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 1902 Morton St, Lafayette, IN, 47904 listed at $125,000 pairs $1,912/mo rent with a $612/mo payment to leave $1,161/mo cash flow. Total monthly income runs $1,912/mo, and annual cash flow reaches $13,938/yr on $41,438 cash to close. Return on cash invested measures 53.54% in year one, and rental yield registers 18.36% at a $125,000 basis. Equity gained on principal adds $807/yr, and annual property appreciation at 5% supports $34,535 by year five. Five-year ROI tracks 283.03% and total cumulative return in cash totals $117,281. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,912/mo property income relative to a $612/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
3,920 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 |
|---|---|---|
| 2025-09-22 | Sold | $125,000 |
| 2025-09-15 | Pending sale | $125,000 |
| 2025-09-12 | Listed for sale | $125,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | $543.28 | 24.25% | $123,600 | 11.55% |
| 2023-10-15 | $437.24 | 157.23% | $110,800 | 19.27% |
| 2022-10-15 | $169.98 | 18.95% | $92,900 | 25.37% |
Listed by: Cathy C Russell • @properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202536878
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.
