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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 1907 Monon Ave, Lafayette, IN, 47904 uses $64,643 cash to close to unlock $7,906/yr annual cash flow and $659/mo monthly cash flow. Total monthly income runs $1,829/mo, and a $954/mo payment keeps the spread at $659/mo. Purchase price stands at $195,000, and rental yield measures 11.26% with $1,829/mo rent. Return on cash invested shows 32.14% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 168.18% and total cumulative return in cash records $108,718. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,829/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,098 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 |
|---|---|---|
| 2025-02-21 | Sold | $195,000 |
| 2025-01-22 | Pending sale | $195,000 |
| 2025-01-11 | Price change | $195,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $401.42 | 19.45% | $84,700 | 8.31% |
| 2023-10-24 | $336.06 | -1.37% | $78,200 | 16.54% |
| 2022-10-24 | $340.72 | 10.49% | $67,100 | 22.89% |
Listed by: Joseph A Wootan • List With Freedom.com LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436082
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.
