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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 2855 Needletail Dr, West Lafayette, IN, 47906 priced at $425,000 converts $3,112/mo rent into $561/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,112/mo, and annual cash flow totals $6,732/yr on $140,888 invested. Return on cash invested prints 24.69% in year one, and rental yield reads 8.79% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 128.21% and total cumulative return in cash sums $180,629. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,112/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 2019
10,018 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-03-28 | Listed for sale | $425,000 |
| 2020-07-24 | Sold | $340,900 |
| 2020-06-10 | Pending sale | $340,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-01 | $2683.44 | 17.98% | $392,100 | 15.80% |
| 2022-04-01 | $2274.54 | 10.30% | $338,600 | 11.68% |
| 2021-04-01 | $2062.16 | 593.86% | $303,200 | N/A |
Listed by: Lauren J Alexander • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510368
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.
