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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 274 Chapelhill Dr, Lafayette, IN, 47905 generates $1,741/mo in rent and, after a $1,150/mo payment, leaves $320/mo in cash flow. Total monthly income is $1,741/mo, and annual cash flow is $3,841/yr on $77,903 invested. Return on cash invested sits at 24.84% in year one, and rental yield is 8.89% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 129.15% and total cumulative return in cash sums $100,612. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,741/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
4,791 sqft lot
$N/A/sqft
$125 annually HOA
Neighborhood data shown for ZIP Code: 47905, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,630 (100%) |
| Owner Occupied HU | 10,991 (56.0%) |
| Renter Occupied HU | 7,333 (37.4%) |
| Vacant Housing Units | 1,306 ( 6.7%) |
| Median Home Value | $254,797 |
| Average Home Value | $312,191 |
Residential
18,720
Single Family
15,750
Multi-Family
2,970
Businesses
1,408
Date | Event | Price |
|---|---|---|
| 2025-06-25 | Listed for sale | $235,000 |
| 2010-04-15 | Sold | $117,500 |
| 2010-02-07 | Listed for sale | $119,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | $1115.22 | 1.11% | $208,200 | 7.76% |
| 2023-06-26 | $1103.02 | 18.41% | $193,200 | 8.36% |
| 2022-06-26 | $931.56 | 23.63% | $178,300 | 12.56% |
Listed by: Peyton Hurst • Trueblood Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524347
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.
