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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 1907 Central St, Lafayette, IN, 47905 generates $1,411/mo in rent and, after a $1,028/mo payment, leaves $150/mo in cash flow. Total monthly income is $1,411/mo, and annual cash flow is $1,803/yr on $69,615 invested. Return on cash invested sits at 22.5% in year one, and rental yield is 8.06% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 116.51% and total cumulative return in cash sums $81,112. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,411/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
6,098 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 |
|---|---|---|
| 2025-09-02 | Listed for sale | $210,000 |
| 2022-06-30 | Sold | $160,000 |
| 2022-06-03 | Pending sale | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-04 | $1428.34 | 49.92% | $154,800 | -2.82% |
| 2023-09-04 | $952.76 | 23.11% | $159,300 | 41.85% |
| 2022-09-04 | $773.92 | 423.91% | $112,300 | 13.55% |
Listed by: Scott M Brown • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202535236
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.
