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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 2205 Elk St, Lafayette, IN, 47904 offers $1,450/mo rent that, after a $832/mo payment, leaves $430/mo cash flow. Total monthly income is $1,450/mo, and annual cash flow is $5,155/yr on $56,355 cash. Return on cash invested measures 29.06% in year one, and rental yield stands at 10.24% at a $170,000 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 151.69% and total cumulative return in cash reaches $85,485. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,450/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
6,255 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 |
|---|---|---|
| 2025-04-09 | Listed for sale | $170,000 |
| 2001-06-08 | Sold | $83,330 |
| 1999-01-28 | Sold | $73,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-10 | $762.58 | 28.53% | $117,300 | 18.84% |
| 2022-04-10 | $593.32 | 19.08% | $98,700 | 14.37% |
| 2021-04-10 | $498.26 | 4.48% | $86,300 | N/A |
Listed by: Anthony Jennings • Real Broker, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511989
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.
