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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 1904 Platte Dr, Lafayette, IN, 47905 listed at $247,000 pairs $1,741/mo rent with a $1,209/mo payment to leave $258/mo cash flow. Total monthly income runs $1,741/mo, and annual cash flow reaches $3,099/yr on $81,881 cash to close. Return on cash invested measures 23.69% in year one, and rental yield registers 8.46% at a $247,000 basis. Equity gained on principal adds $1,594/yr, and annual property appreciation at 5% supports $68,242 by year five. Five-year ROI tracks 122.94% and total cumulative return in cash totals $100,660. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,741/mo property income relative to a $1,209/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1971
7,405 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-08-12 | Sold | $247,000 |
| 2025-07-08 | Price change | $249,900 |
| 2025-06-12 | Listed for sale | $259,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $1659.34 | 8.52% | $179,500 | 1.24% |
| 2023-10-23 | $1529.00 | 15.87% | $177,300 | 15.96% |
| 2022-10-23 | $1319.62 | 28.85% | $152,900 | 13.93% |
Listed by: John W Wilson • Redlow Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522276
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.
