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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 2564 Lafayette Dr, Lafayette, IN, 47909 priced at $195,000 pairs $1,602/mo rent with $432/mo cash flow after a $954/mo payment. Total monthly income equals $1,602/mo, and annual cash flow comes to $5,182/yr on $64,643 invested. Return on cash invested is 27.93% in year one, and rental yield stands at 9.86% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 145.57% and total cumulative return in cash reaches $94,102. For financing, Ziffy Mortgage’s DSCR program evaluates $1,602/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
6,098 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 |
|---|---|---|
| 2025-07-24 | Listed for sale | $195,000 |
| 2025-04-04 | Listing removed | $205,277 |
| 2025-03-11 | Listed for sale | $205,277 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-25 | $1279.64 | 0.92% | $158,700 | 7.81% |
| 2023-07-25 | $1267.98 | 26.30% | $147,200 | 10.51% |
| 2022-07-25 | $1003.98 | 47.49% | $133,200 | 17.15% |
Listed by: Jessica L Patton • RE/MAX At The Crossing
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528929
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.
