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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 4051 Fletcher Dr, Lafayette, IN, 47909 offers a 8.19% rental yield on a $267,600 purchase with $1,826/mo rent. Total monthly income registers $1,826/mo, and a $1,310/mo payment leaves $201/mo available for distribution. Annual cash flow reaches $2,408/yr on $88,709 to close, and return on cash invested stands at 22.62% in year one. Equity gained on principal adds $1,727/yr while 5% annual appreciation supports $73,933 over five years. Portfolio math shows five-year ROI at 117.26% and total cumulative return in cash at $104,020. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,826/mo property income against a $1,310/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
7,840 sqft lot
$N/A/sqft
$225 annually 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 |
|---|---|---|
| 2025-06-17 | Sold | $267,600 |
| 2025-05-16 | Pending sale | $249,900 |
| 2025-05-14 | Listed for sale | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1671.92 | 13.72% | $253,800 | 7.09% |
| 2023-10-24 | $1470.24 | 18.20% | $237,000 | 15.55% |
| 2022-10-24 | $1243.86 | 13.38% | $205,100 | 14.39% |
Listed by: Rebecca Gibson • Raeco Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517337
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.
