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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 2809 Longlois Dr, Lafayette, IN, 47904 listed at $195,000 pairs $1,787/mo rent with a $954/mo payment to leave $617/mo cash flow. Total monthly income runs $1,787/mo, and annual cash flow reaches $7,402/yr on $64,643 cash to close. Return on cash invested measures 31.36% in year one, and rental yield registers 11% at a $195,000 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,875 by year five. Five-year ROI tracks 164.01% and total cumulative return in cash totals $106,018. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,787/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
5,967 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 |
|---|---|---|
| 2025-07-15 | Listed for sale | $195,000 |
| 2024-12-20 | Sold | $130,000 |
| 2024-12-15 | Pending sale | $135,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-17 | $1586.62 | 9.97% | $93,300 | 17.80% |
| 2023-07-17 | $1442.84 | 11.85% | $79,200 | 10.00% |
| 2022-07-17 | $1290.00 | 15.05% | $72,000 | 11.98% |
Listed by: Rebecca Johnson • RE/MAX At The Crossing
Mls Name: IRMLS
Mls Provider:
Mls ID: #202527534
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.
