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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 3016 Morallion Dr, West Lafayette, IN, 47906 generates $2,371/mo in rent and, after a $1,527/mo payment, leaves $498/mo in cash flow. Total monthly income is $2,371/mo, and annual cash flow is $5,978/yr on $103,428 invested. Return on cash invested sits at 25.69% in year one, and rental yield is 9.12% on a $312,000 entry. Equity gained on principal adds $2,013/yr, while 5% annual appreciation builds toward $86,200 over five years. Five-year ROI reaches 133.63% and total cumulative return in cash sums $138,215. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,371/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
10,454 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Dustin Robinson • Lafayette Listing Realty LLC
Mls Name: IRMLS
Mls ID: #202527394
