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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 5138 Indigo Ave, Lafayette, IN, 47909 generates $2,219/mo in rent, after a $1,909/mo payment. Total monthly income is $2,219/mo. Return on cash invested sits at 18.56% in year one, and rental yield is 6.83% on a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 95.44% and total cumulative return in cash sums $123,392. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,219/mo property income rather than buyer’s personal income.
Single Family
Built in 2016
8,276 sqft lot
$N/A/sqft
$275 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 |
|---|---|---|
| 2025-09-25 | Sold | $390,000 |
| 2025-08-22 | Pending sale | $399,900 |
| 2025-07-28 | Listed for sale | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-13 | $2419.60 | 15.83% | $345,100 | 4.83% |
| 2023-10-13 | $2088.84 | 16.05% | $329,200 | 15.83% |
| 2022-10-13 | $1800.00 | 11.99% | $284,200 | 13.59% |
What's Special
Pull Down Stairs,Storage
Listed by: Kendall Rhine • Raeco Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515992
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.
