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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 3249 Morallion Ct, West Lafayette, IN, 47906 priced at $370,000 converts $3,246/mo rent into $1,025/mo cash flow after a $1,811/mo obligation. Total monthly income equals $3,246/mo, and annual cash flow totals $12,299/yr on $122,655 invested. Return on cash invested prints 29.94% in year one, and rental yield reads 10.53% against a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation compiles into $102,224 by year five. Five-year ROI reaches 156.36% and total cumulative return in cash sums $191,789. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,246/mo property income covering a $1,811/mo payment, not borrower’s personal income.
Single Family
Built in 2004
9,801 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 |
|---|---|---|
| 2024-12-27 | Sold | $370,000 |
| 2024-09-26 | Price change | $387,500 |
| 2024-08-15 | Price change | $392,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1596.30 | 5.74% | $308,600 | 30.05% |
| 2023-10-24 | $1509.68 | 22.78% | $237,300 | 10.78% |
| 2022-10-24 | $1229.56 | 3.53% | $214,200 | 13.57% |
Listed by: Rebecca Gibson • Raeco Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202426898
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.
