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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 Lafayette at 516 S 1st St, Lafayette, IN, 47905 uses $66,300 cash to close to unlock $6,832/yr annual cash flow and $569/mo monthly cash flow. Total monthly income runs $1,770/mo, and a $979/mo payment keeps the spread at $569/mo. Purchase price stands at $200,000, and rental yield measures 10.62% with $1,770/mo rent. Return on cash invested shows 30.21% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 157.89% and total cumulative return in cash records $104,684. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,770/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1920
3,615 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47905, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,630 (100%) |
| Owner Occupied HU | 10,991 (56.0%) |
| Renter Occupied HU | 7,333 (37.4%) |
| Vacant Housing Units | 1,306 ( 6.7%) |
| Median Home Value | $254,797 |
| Average Home Value | $312,191 |
Residential
18,720
Single Family
15,750
Multi-Family
2,970
Businesses
1,408
Date | Event | Price |
|---|---|---|
| 2025-01-06 | Sold | $200,000 |
| 2024-12-04 | Pending sale | $210,000 |
| 2024-09-27 | Listed for sale | $210,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $348.56 | -6.60% | $166,300 | 144.92% |
| 2023-10-24 | $373.20 | -73.07% | $67,900 | 10.05% |
| 2022-10-24 | $1386.00 | 9.65% | $61,700 | -10.97% |
Listed by: Maria Campos • Indiana Integrity REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437582
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.
