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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 3903 Thomas Jefferson Rd, Lafayette, IN, 47909 generates $1,726/mo in rent and, after a $1,394/mo payment, leaves $16/mo in cash flow. Total monthly income is $1,726/mo, and annual cash flow is $195/yr on $94,444 invested. Return on cash invested sits at 20.12% in year one, and rental yield is 7.27% on a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 103.74% and total cumulative return in cash sums $97,979. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,726/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
10,018 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 |
|---|---|---|
| 2025-04-18 | Listed for sale | $284,900 |
| 2013-07-15 | Sold | $133,000 |
| 2010-04-19 | Sold | $116,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-21 | $1599.00 | 9.82% | $197,800 | 23.16% |
| 2022-04-21 | $1456.00 | 14.49% | $160,600 | 9.77% |
| 2021-04-21 | $1271.78 | 8.47% | $146,300 | N/A |
What's Special
Storage
Listed by: Paul Bunch • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513471
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.
