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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 2343 N 22nd St, Lafayette, IN, 47904 generates $1,229/mo in rent and, after a $905/mo payment, leaves $115/mo in cash flow. Total monthly income is $1,229/mo, and annual cash flow is $1,385/yr on $61,328 invested. Return on cash invested sits at 22.17% in year one, and rental yield is 7.97% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 114.78% and total cumulative return in cash sums $70,395. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,229/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
6,969 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 |
|---|---|---|
| 2025-09-02 | Sold | $185,000 |
| 2025-08-08 | Pending sale | $189,900 |
| 2025-07-25 | Listed for sale | $189,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $1578.00 | N/A | $85,100 | 7.86% |
| 2023-10-27 | N/A | N/A | $78,900 | 18.11% |
| 2022-10-27 | N/A | N/A | $66,800 | 13.99% |
Listed by: Sherry Cole • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529253
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.
