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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 3319 Lenehan Ln, Lafayette, IN, 47909 listed at $220,000 pairs $1,494/mo rent with a $1,077/mo payment. Total monthly income runs $1,494/mo. Return on cash invested measures 18.81% in year one, and rental yield registers 8.15% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 98.16% and total cumulative return in cash totals $71,591. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,494/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2001
N/A lot
$N/A/sqft
$240 monthly 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 |
|---|---|---|
| 2025-08-18 | Sold | $220,000 |
| 2025-08-15 | Pending sale | $222,500 |
| 2025-07-15 | Price change | $222,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $1247.76 | 6.79% | $158,300 | 9.02% |
| 2023-10-26 | $1168.46 | 36.06% | $145,200 | 14.51% |
| 2022-10-26 | $858.78 | 21.84% | $126,800 | 21.22% |
Listed by: John W Wilson • Redlow Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522736
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.
