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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 329 Cheshire Ln, Lafayette, IN, 47909 listed at $280,000 pairs $2,064/mo rent with a $1,370/mo payment to leave $384/mo cash flow. Total monthly income runs $2,064/mo, and annual cash flow reaches $4,604/yr on $92,820 cash to close. Return on cash invested measures 24.87% in year one, and rental yield registers 8.85% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 129.19% and total cumulative return in cash totals $119,913. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,064/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
7,840 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 |
|---|---|---|
| 2025-06-06 | Sold | $280,000 |
| 2025-05-04 | Pending sale | $279,900 |
| 2025-05-01 | Listed for sale | $279,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-08 | $2025.08 | 19.54% | $213,100 | 6.07% |
| 2023-10-08 | $1694.00 | 15.40% | $200,900 | 17.83% |
| 2022-10-08 | $1468.00 | 12.28% | $170,500 | 15.28% |
Listed by: John Townsend • Trueblood Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515324
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.
