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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 2645 Midlex Ct, Lafayette, IN, 47904 uses $53,040 cash to close to unlock $4,076/yr annual cash flow and $340/mo monthly cash flow. Total monthly income runs $1,300/mo, and a $783/mo payment keeps the spread at $340/mo. Purchase price stands at $160,000, and rental yield measures 9.75% with $1,300/mo rent. Return on cash invested shows 27.59% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 143.85% and total cumulative return in cash records $76,298. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,300/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1953
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47904, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,604 (100%) |
| Owner Occupied HU | 3,116 (41.0%) |
| Renter Occupied HU | 3,885 (51.1%) |
| Vacant Housing Units | 603 ( 7.9%) |
| Median Home Value | $128,606 |
| Average Home Value | $188,435 |
Residential
7,166
Single Family
6,169
Multi-Family
997
Businesses
623
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: Emily Dunn • The Real Estate Agency
Mls Name: IRMLS
Mls ID: #202547889
