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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 2119 Ulen Ln, Lafayette, IN, 47904 priced at $155,000 converts $1,416/mo rent into $485/mo cash flow after a $759/mo obligation. Total monthly income equals $1,416/mo, and annual cash flow totals $5,823/yr on $51,383 invested. Return on cash invested prints 31.24% in year one, and rental yield reads 10.96% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 163.46% and total cumulative return in cash sums $83,992. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,416/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in 1955
3,484 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 |
|---|---|---|
| 2025-03-21 | Listed for sale | $155,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-24 | $330.02 | 14.56% | $78,300 | 18.46% |
| 2022-03-24 | $288.08 | 10.21% | $66,100 | 14.56% |
| 2021-03-24 | $261.40 | 12.47% | $57,700 | N/A |
Listed by: Alondra Alvarez • Alvarez Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509282
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.
