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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 4517 Admirals Pointe Dr, Lafayette, IN, 47909 generates $3,346/mo in rent and, after a $2,349/mo payment, leaves $465/mo in cash flow. Total monthly income is $3,346/mo, and annual cash flow is $5,581/yr on $159,087 invested. Return on cash invested sits at 23.42% in year one, and rental yield is 8.37% on a $479,900 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,588 over five years. Five-year ROI reaches 121.43% and total cumulative return in cash sums $193,185. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,346/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
0.47 Acres 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 |
|---|---|---|
| 2024-09-27 | Price change | $479,900 |
| 2024-09-12 | Listed for sale | $499,900 |
| 2023-07-25 | Listing removed | $475,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2052.48 | -45.86% | $361,100 | 31.07% |
| 2022-10-15 | $3790.86 | 2.28% | $275,500 | 11.40% |
| 2021-10-15 | $3706.26 | 8.26% | $247,300 | N/A |
What's Special
Pull Down Stairs
Listed by: Elizabeth Hobbs • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435167
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.
