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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 West Lafayette at 2234 Wake Robin Dr, West Lafayette, IN, 47906 with 5% annual appreciation on a $320,000 basis while $1,860/mo rent supports operations. 22% in year one. Equity gained on principal adds $2,065/yr, and five-year appreciation sums $88,410 alongside rental yield of 6.98%. Five-year ROI measures 98.93% and total cumulative return in cash totals $104,943. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,860/mo property income versus a $1,566/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1988
10,585 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47906, West Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,475 (100%) |
| Owner Occupied HU | 12,026 (39.5%) |
| Renter Occupied HU | 15,431 (50.6%) |
| Vacant Housing Units | 3,018 ( 9.9%) |
| Median Home Value | $337,444 |
| Average Home Value | $371,802 |
Residential
28,098
Single Family
17,941
Multi-Family
10,157
Businesses
863
Date | Event | Price |
|---|---|---|
| 2025-07-21 | Sold | $320,000 |
| 2025-06-03 | Pending sale | $325,900 |
| 2025-05-23 | Price change | $325,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $1474.32 | 10.65% | $226,900 | 1.43% |
| 2023-10-31 | $1332.44 | 18.74% | $223,700 | 14.48% |
| 2022-10-31 | $1122.16 | 8.70% | $195,400 | 10.40% |
Listed by: Thomas Albregts • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518173
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.
