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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 3150 Stoney Dr, Lafayette, IN, 47909 offers a 9.77% rental yield on a $261,500 purchase with $2,128/mo rent. Total monthly income registers $2,128/mo, and a $1,280/mo payment leaves $558/mo available for distribution. Annual cash flow reaches $6,698/yr on $86,687 to close, and return on cash invested stands at 27.64% in year one. Equity gained on principal adds $1,687/yr while 5% annual appreciation supports $72,248 over five years. Portfolio math shows five-year ROI at 144.07% and total cumulative return in cash at $124,892. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,128/mo property income against a $1,280/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.32 Acres 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 |
|---|---|---|
| 2025-06-26 | Sold | $261,500 |
| 2025-05-20 | Pending sale | $265,000 |
| 2025-05-19 | Listed for sale | $265,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-29 | $1702.02 | 43.04% | $186,800 | 6.26% |
| 2023-10-29 | $1189.90 | 16.06% | $175,800 | 36.92% |
| 2022-10-29 | $1025.22 | 18.88% | $128,400 | 10.03% |
Listed by: Tara Hines • F.C. Tucker/Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518011
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.
