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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 2865 Biscayne Ct, West Lafayette, IN, 47906 offers $2,088/mo rent that, after a $1,762/mo payment. Total monthly income is $2,088/mo. Return on cash invested measures 19% in year one, and rental yield stands at 6.96% at a $359,900 entry. Equity gained on principal adds $2,322/yr while 5% annual appreciation compounds into $99,434 by year five. Five-year ROI records 97.8% and total cumulative return in cash reaches $116,678. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,088/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
6,098 sqft lot
$N/A/sqft
$215 annually 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 |
|---|---|---|
| 2025-04-30 | Listed for sale | $359,900 |
| 2022-05-09 | Sold | $317,000 |
| 2022-04-04 | Pending sale | $309,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-01 | $1625.18 | 22.81% | $254,700 | 12.20% |
| 2022-05-01 | $1323.28 | 3.50% | $227,000 | 13.84% |
| 2021-05-01 | $1278.54 | 11.93% | $199,400 | N/A |
Listed by: Sherry Cole • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515177
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.
