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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 2508 Lafayette Dr, Lafayette, IN, 47909 uses $66,300 cash to close to unlock $6,280/yr annual cash flow and $523/mo monthly cash flow. Total monthly income runs $1,724/mo, and a $979/mo payment keeps the spread at $523/mo. Purchase price stands at $200,000, and rental yield measures 10.34% with $1,724/mo rent. Return on cash invested shows 29.38% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 153.42% and total cumulative return in cash records $101,720. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,724/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1960
6,534 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Cathy C Russell • @properties
Mls Name: IRMLS
Mls ID: #202535402
