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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 West Lafayette at 2619 Grosbeak Ln, West Lafayette, IN, 47906 priced at $342,000 converts $3,149/mo rent into $1,096/mo cash flow after a $1,674/mo obligation. Total monthly income equals $3,149/mo, and annual cash flow totals $13,151/yr on $113,373 invested. Return on cash invested prints 31.51% in year one, and rental yield reads 11.05% against a $342,000 entry. Equity gained on principal adds $2,207/yr, while 5% annual appreciation compiles into $94,488 by year five. Five-year ROI reaches 164.79% and total cumulative return in cash sums $186,826. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,149/mo property income covering a $1,674/mo payment, not borrower’s personal income.
Single Family
Built in 2006
10,062 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 |
|---|---|---|
| 2024-12-23 | Sold | $342,000 |
| 2024-11-22 | Pending sale | $349,000 |
| 2024-09-30 | Listed for sale | $349,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $2014.70 | 5.07% | $296,400 | 2.88% |
| 2023-10-24 | $1917.52 | 18.30% | $288,100 | 13.07% |
| 2022-10-24 | $1620.90 | 11.14% | $254,800 | 11.27% |
Listed by: Shannon O'Malley • F.C. Tucker/Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437816
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.
