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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 4027 Homerton St, Lafayette, IN, 47909 uses $97,759 cash to close to unlock $1,586/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $1,914/mo, and a $1,443/mo payment keeps the spread at $132/mo. Purchase price stands at $294,900, and rental yield measures 7.79% with $1,914/mo rent. Return on cash invested shows 21.53% in year one, and 5% annual appreciation builds toward $81,475 over five years. Five-year ROI reaches 111.38% and total cumulative return in cash records $108,883. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,914/mo property income covering a $1,443/mo payment rather than investor’s personal income.
Single Family
Built in 2005
5,227 sqft lot
$N/A/sqft
$12 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 |
|---|---|---|
| 2025-07-31 | Listed for sale | $294,900 |
| 2021-11-19 | Sold | $245,000 |
| 2021-10-25 | Pending sale | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-02 | $2086.00 | 16.47% | $231,600 | 11.03% |
| 2023-08-02 | $1791.00 | 11.52% | $208,600 | 16.47% |
| 2022-08-02 | $1606.00 | 9.10% | $179,100 | 11.52% |
Listed by: John Townsend • Trueblood Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530168
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.
