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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 1903 Skyline Rd, Lafayette, IN, 47905 priced at $319,000 converts $1,868/mo rent into after a $1,561/mo obligation. Total monthly income equals $1,868/mo. Return on cash invested prints 17.05% in year one, and rental yield reads 7.03% against a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation compiles into $88,134 by year five. Five-year ROI reaches 88.15% and total cumulative return in cash sums $93,217. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,868/mo property income covering a $1,561/mo payment, not borrower’s personal income.
Single Family
Built in 2002
2,613 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 |
|---|---|---|
| 2025-04-21 | Listed for sale | $319,000 |
| 2021-04-01 | Sold | $235,000 |
| 2021-02-08 | Pending sale | $239,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-22 | $1850.00 | 6.69% | $203,900 | 10.22% |
| 2022-04-22 | $1734.00 | -47.90% | $185,000 | 6.69% |
| 2021-04-22 | $3328.00 | 106.84% | $173,400 | N/A |
Listed by: Eric Seymour • BerkshireHathaway HS IN Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513715
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.
