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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 West Lafayette at 501 Lapin Ln, West Lafayette, IN, 47906 generates $2,510/mo in rent and, after a $2,006/mo payment, leaves $50/mo in cash flow. Total monthly income is $2,510/mo, and annual cash flow is $596/yr on $135,882 invested. Return on cash invested sits at 20.35% in year one, and rental yield is 7.35% on a $409,900 entry. Equity gained on principal adds $2,645/yr, while 5% annual appreciation builds toward $113,248 over five years. Five-year ROI reaches 104.95% and total cumulative return in cash sums $142,612. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,510/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
2.35 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47906, West Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,475 (100%) |
| Owner Occupied HU | 12,026 (39.5%) |
| Renter Occupied HU | 15,431 (50.6%) |
| Vacant Housing Units | 3,018 ( 9.9%) |
| Median Home Value | $337,444 |
| Average Home Value | $371,802 |
Residential
28,098
Single Family
17,941
Multi-Family
10,157
Businesses
863
Date | Event | Price |
|---|---|---|
| 2025-03-28 | Listed for sale | $409,900 |
| 2019-10-08 | Sold | $277,000 |
| 2019-09-05 | Pending sale | $280,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-01 | $1474.10 | 10.54% | $279,900 | 8.70% |
| 2022-04-01 | $1333.58 | 5.79% | $257,500 | 5.71% |
| 2021-04-01 | $1260.64 | -18.18% | $243,600 | N/A |
Listed by: Matthew Smith • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510328
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.
