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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 West Lafayette at 510 N 500 W, West Lafayette, IN, 47906 uses $63,980 cash to close to unlock $7,741/yr annual cash flow and $645/mo monthly cash flow. Total monthly income runs $1,804/mo, and a $945/mo payment keeps the spread at $645/mo. Purchase price stands at $193,000, and rental yield measures 11.22% with $1,804/mo rent. Return on cash invested shows 32.01% in year one, and 5% annual appreciation builds toward $53,322 over five years. Five-year ROI reaches 167.54% and total cumulative return in cash records $107,190. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,804/mo property income covering a $945/mo payment rather than investor’s personal income.
Single Family
Built in 1940
1.08 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 |
|---|---|---|
| 2025-10-16 | Sold | $193,000 |
| 2025-09-18 | Pending sale | $195,000 |
| 2025-09-16 | Price change | $195,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $451.52 | 12.82% | $111,300 | 5.70% |
| 2023-10-26 | $400.22 | 9.79% | $105,300 | 10.61% |
| 2022-10-26 | $364.54 | -58.88% | $95,200 | 9.43% |
Listed by: Spencer Childers • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202534715
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.
