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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 Lafayette at 315 Jersey Ln, Lafayette, IN, 47909 at $245,000 posts ROI 32.06% with $822/mo cash flow from $2,293/mo rent. Total monthly income equals $2,293/mo, and annual cash flow records $9,870/yr on $81,218 to close. Return on cash invested measures 32.06% and rental yield reads 11.23% at the current $245,000. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 by year five. Five-year ROI prints 167.77% and total cumulative return in cash totals $136,260.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,293/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1992
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47909, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,777 (100%) |
| Owner Occupied HU | 11,637 (62.0%) |
| Renter Occupied HU | 5,952 (31.7%) |
| Vacant Housing Units | 1,188 ( 6.3%) |
| Median Home Value | $237,746 |
| Average Home Value | $278,258 |
Residential
18,114
Single Family
16,603
Multi-Family
1,511
Businesses
463
Date | Event | Price |
|---|---|---|
| 2025-03-24 | Listed for sale | $245,000 |
| 2022-10-11 | Sold | $197,000 |
| 2022-08-19 | Pending sale | $204,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-26 | $1736.00 | 20.06% | $198,300 | 13.90% |
| 2022-03-26 | $1446.00 | 13.75% | $174,100 | 19.99% |
| 2021-03-26 | $1271.18 | 15.32% | $145,100 | N/A |
What's Special
Storage
Listed by: Jennifer D Bickett • Weichert Realtors Len Wilson
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509578
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.
