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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 West Lafayette at 2971 Morallion Dr, West Lafayette, IN, 47906 offers a 10.2% rental yield on a $314,900 purchase with $2,676/mo rent. Total monthly income registers $2,676/mo, and a $1,541/mo payment leaves $769/mo available for distribution. Annual cash flow reaches $9,234/yr on $104,389 to close, and return on cash invested stands at 28.75% in year one. Equity gained on principal adds $2,032/yr while 5% annual appreciation supports $87,001 over five years. Portfolio math shows five-year ROI at 150.13% and total cumulative return in cash at $156,718. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,676/mo property income against a $1,541/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
8,712 sqft lot
$N/A/sqft
$198 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 |
|---|---|---|
| 2024-09-18 | Price change | $314,900 |
| 2024-08-26 | Pending sale | $309,900 |
| 2024-08-23 | Listed for sale | $309,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1331.52 | 24.83% | $216,900 | 11.06% |
| 2022-10-15 | $1066.66 | 3.59% | $195,300 | 14.41% |
| 2021-10-15 | $1029.68 | 11.01% | $170,700 | N/A |
Listed by: Philip Drew • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202432409
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.
