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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 214 McCutcheon Dr, Lafayette, IN, 47909 at $345,000 posts ROI 20.19% with $27/mo cash flow from $2,100/mo rent. Total monthly income equals $2,100/mo, and annual cash flow records $323/yr on $114,368 to close. Return on cash invested measures 20.19% and rental yield reads 7.3% at the current $345,000. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,317 by year five. Five-year ROI prints 104.12% and total cumulative return in cash totals $119,080.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,100/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1988
10,018 sqft lot
$N/A/sqft
$20 annually HOA
Neighborhood data shown for ZIP Code: 47909, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,777 (100%) |
| Owner Occupied HU | 11,637 (62.0%) |
| Renter Occupied HU | 5,952 (31.7%) |
| Vacant Housing Units | 1,188 ( 6.3%) |
| Median Home Value | $237,746 |
| Average Home Value | $278,258 |
Residential
18,114
Single Family
16,603
Multi-Family
1,511
Businesses
463
Date | Event | Price |
|---|---|---|
| 2025-09-18 | Listed for sale | $345,000 |
| 2025-07-11 | Listing removed | $323,000 |
| 2025-06-28 | Price change | $323,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-19 | $1821.54 | 20.22% | $251,900 | 1.45% |
| 2023-09-19 | $1515.16 | 6.92% | $248,300 | 17.62% |
| 2022-09-19 | $1417.16 | 6.49% | $211,100 | 6.03% |
Listed by: Karina Hernandez • Trueblood Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202537751
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.
