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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 2622 Demmings Ct, West Lafayette, IN, 47906 generates $2,722/mo in rent and, after a $1,710/mo payment, leaves $455/mo in cash flow. Total monthly income is $2,722/mo, and annual cash flow is $5,458/yr on $115,804 invested. Return on cash invested sits at 24.62% in year one, and rental yield is 9.35% on a $349,333 entry. Equity gained on principal adds $2,254/yr, while 5% annual appreciation builds toward $96,514 over five years. Five-year ROI reaches 128.51% and total cumulative return in cash sums $148,820. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,722/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
6,795 sqft lot
$N/A/sqft
$170 monthly 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 |
|---|---|---|
| 2025-09-30 | Sold | $349,333 |
| 2025-08-23 | Listed for sale | $359,900 |
| 2019-11-20 | Sold | $221,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $1772.22 | 5.55% | $281,500 | 8.60% |
| 2023-10-22 | $1678.98 | 19.50% | $259,200 | 13.34% |
| 2022-10-22 | $1405.06 | -53.17% | $228,700 | 11.83% |
Listed by: Julie R Boyce • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202533797
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.
