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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 Lafayette at 3219 Turnbull Way, Lafayette, IN, 47909 generates $1,811/mo in rent and, after a $1,076/mo payment, leaves $444/mo in cash flow. Total monthly income is $1,811/mo, and annual cash flow is $5,332/yr on $72,897 invested. Return on cash invested sits at 27.22% in year one, and rental yield is 9.88% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 142.13% and total cumulative return in cash sums $103,612. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,811/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
4,791 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 |
|---|---|---|
| 2025-12-06 | Listed for sale | $219,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-10 | $2388.00 | 14.81% | $150,500 | 26.05% |
| 2023-12-10 | $2080.00 | 12.68% | $119,400 | 14.81% |
| 2022-12-10 | $1846.00 | 263.94% | $104,000 | 12.68% |
Listed by: Denice M Froiland • Highgarden Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202548263
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.
