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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 229 Connolly St, West Lafayette, IN, 47906 uses $144,203 cash to close to unlock $14,374/yr annual cash flow and $1,198/mo monthly cash flow. Total monthly income runs $3,809/mo, and a $2,129/mo payment keeps the spread at $1,198/mo. Purchase price stands at $435,000, and rental yield measures 10.51% with $3,809/mo rent. Return on cash invested shows 29.88% in year one, and 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 156.04% and total cumulative return in cash records $225,012. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,809/mo property income covering a $2,129/mo payment rather than investor’s personal income.
Single Family
Built in 1930
6,534 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 |
|---|---|---|
| 2025-08-24 | Listed for sale | $435,000 |
| 2025-08-23 | Listing removed | N/A |
| 2025-08-08 | Price change | $459,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-26 | $3182.30 | 11.84% | $283,800 | 5.38% |
| 2023-08-26 | $2845.46 | 10.72% | $269,300 | 12.68% |
| 2022-08-26 | $2570.06 | 1.22% | $239,000 | 10.24% |
What's Special
Pull Down Stairs,Storage
Listed by: Ashley Kirk • The Real Estate Agency
Mls Name: IRMLS
Mls Provider:
Mls ID: #202533885
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.
