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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 2822 Chivalry Dr, Lafayette, IN, 47909 listed at $309,900 pairs $1,710/mo rent with a $1,517/mo payment. Total monthly income runs $1,710/mo. Return on cash invested measures 17.96% in year one, and rental yield registers 6.62% at a $309,900 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,620 by year five. Five-year ROI tracks 92.2% and total cumulative return in cash totals $94,716. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,710/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2020
8,712 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood data shown for ZIP Code: 47909, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,777 (100%) |
| Owner Occupied HU | 11,637 (62.0%) |
| Renter Occupied HU | 5,952 (31.7%) |
| Vacant Housing Units | 1,188 ( 6.3%) |
| Median Home Value | $237,746 |
| Average Home Value | $278,258 |
Residential
18,114
Single Family
16,603
Multi-Family
1,511
Businesses
463
Date | Event | Price |
|---|---|---|
| 2025-05-23 | Listed for sale | $309,900 |
| 2025-04-04 | Listing removed | $299,900 |
| 2025-03-31 | Listed for sale | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-26 | $1245.94 | 14.99% | $248,100 | 5.84% |
| 2023-05-26 | $1083.54 | 5.82% | $234,400 | 11.78% |
| 2022-05-26 | $1023.90 | 48197.17% | $209,700 | 6.18% |
Listed by: Chris Scheumann • Timberstone Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519207
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.
