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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 3317 Jacob Pl, Lafayette, IN, 47909 listed at $240,000 pairs $1,992/mo rent with a $1,175/mo payment to leave $551/mo cash flow. Total monthly income runs $1,992/mo, and annual cash flow reaches $6,612/yr on $79,560 cash to close. Return on cash invested measures 28.22% in year one, and rental yield registers 9.96% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 147.17% and total cumulative return in cash totals $117,086. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,992/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1996
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 |
|---|---|---|
| 2025-07-18 | Sold | $240,000 |
| 2025-06-19 | Pending sale | $238,000 |
| 2025-06-13 | Listed for sale | $238,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $1551.88 | 36.80% | $175,200 | 6.83% |
| 2023-10-26 | $1134.42 | 15.78% | $164,000 | 31.83% |
| 2022-10-26 | $979.82 | 14.16% | $124,400 | 9.70% |
Listed by: Scott M Brown • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522687
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.
