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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 4614 Cardiff Ct N, Lafayette, IN, 47909 priced at $289,900 converts $2,182/mo rent into $442/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,182/mo, and annual cash flow totals $5,300/yr on $96,102 invested. Return on cash invested prints 25.42% in year one, and rental yield reads 9.03% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 132.17% and total cumulative return in cash sums $127,017. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,182/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.26 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 |
|---|---|---|
| 2024-09-07 | Listed for sale | $289,900 |
| 2023-07-31 | Sold | $260,000 |
| 2023-06-16 | Pending sale | $255,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1073.52 | 12.26% | $200,100 | 17.84% |
| 2022-10-15 | $956.26 | 5.04% | $169,800 | 8.99% |
| 2021-10-15 | $910.40 | 15.48% | $155,800 | N/A |
What's Special
Storage
Listed by: Darrin Arvin • Redlow Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202434540
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.
