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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 Lafayette at 241 Cromwell Ct, Lafayette, IN, 47909 with 5% annual appreciation on a $232,000 basis while $1,601/mo rent supports operations. Total monthly income totals $1,601/mo and a $1,136/mo payment preserves $208/mo for cash returns. Annual cash flow comes to $2,494/yr on $76,908 deployed, and return on cash invested reaches 23.15% in year one. Equity gained on principal adds $1,497/yr, and five-year appreciation sums $64,097 alongside rental yield of 8.28%. Five-year ROI measures 119.99% and total cumulative return in cash totals $92,279.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,601/mo property income versus a $1,136/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2001
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47909, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,777 (100%) |
| Owner Occupied HU | 11,637 (62.0%) |
| Renter Occupied HU | 5,952 (31.7%) |
| Vacant Housing Units | 1,188 ( 6.3%) |
| Median Home Value | $237,746 |
| Average Home Value | $278,258 |
Residential
18,114
Single Family
16,603
Multi-Family
1,511
Businesses
463
Date | Event | Price |
|---|---|---|
| 2025-09-26 | Sold | $232,000 |
| 2025-08-13 | Listed for sale | $240,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $1671.84 | 7.86% | $188,800 | 8.69% |
| 2023-10-16 | $1550.00 | 19.82% | $173,700 | 12.06% |
| 2022-10-16 | $1293.64 | 9.30% | $155,000 | 15.33% |
Listed by: Garrett Criswell • Raeco Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532098
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.
