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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 238 Connolly St, West Lafayette, IN, 47906 offers a 5.88% rental yield on a $425,000 purchase with $2,084/mo rent. 93% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 81.25% and total cumulative return in cash at $114,473. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,084/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
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 |
|---|---|---|
| 2025-08-08 | Listed for sale | $425,000 |
| 2001-05-25 | Sold | $149,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-11 | $3124.80 | 11.77% | $278,100 | 4.82% |
| 2023-08-11 | $2795.84 | 10.27% | $265,300 | 12.89% |
| 2022-08-11 | $2535.34 | 1.24% | $235,000 | 9.81% |
Listed by: Craig Welsh • Platinum Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202531463
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.
