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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 5205 Wilmington Cir, Lafayette, IN, 47905 priced at $275,000 converts $1,775/mo rent into $124/mo cash flow after a $1,346/mo obligation. Total monthly income equals $1,775/mo, and annual cash flow totals $1,491/yr on $91,163 invested. Return on cash invested prints 21.54% in year one, and rental yield reads 7.75% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 111.4% and total cumulative return in cash sums $101,555. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,775/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 2007
7,405 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 |
|---|---|---|
| 2025-04-08 | Listed for sale | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-10 | $1165.72 | 8.73% | $217,500 | 20.17% |
| 2022-04-10 | $1072.12 | 9.87% | $181,000 | 6.35% |
| 2021-04-10 | $975.82 | 5.14% | $170,200 | N/A |
Listed by: Doug Browning • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511836
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.
