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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 3126 Carriage Rd, West Lafayette, IN, 47906 generates $2,208/mo in rent and, after a $1,542/mo payment, leaves $317/mo in cash flow. Total monthly income is $2,208/mo, and annual cash flow is $3,802/yr on $104,423 invested. Return on cash invested sits at 23.55% in year one, and rental yield is 8.41% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 122.12% and total cumulative return in cash sums $127,517. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,208/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.87 Acres 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 |
|---|---|---|
| 2025-05-29 | Listed for sale | $315,000 |
| 2004-04-15 | Sold | $137,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-30 | $898.30 | 1.68% | $175,900 | 11.47% |
| 2023-05-30 | $883.44 | 4.94% | $157,800 | 5.84% |
| 2022-05-30 | $841.88 | 5.67% | $149,100 | 0.61% |
Listed by: Michael Botkin • Century 21 Scheetz
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520068
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.
