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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 621 S 28th St, Lafayette, IN, 47904 listed at $230,000 pairs $1,825/mo rent with a $1,126/mo payment to leave $294/mo cash flow. Total monthly income runs $1,825/mo, and annual cash flow reaches $3,526/yr on $76,245 cash to close. Return on cash invested measures 24.53% in year one, and rental yield registers 9.52% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 128.25% and total cumulative return in cash totals $97,783. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,825/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47904, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,604 (100%) |
| Owner Occupied HU | 3,116 (41.0%) |
| Renter Occupied HU | 3,885 (51.1%) |
| Vacant Housing Units | 603 ( 7.9%) |
| Median Home Value | $128,606 |
| Average Home Value | $188,435 |
Residential
7,166
Single Family
6,169
Multi-Family
997
Businesses
623
Date | Event | Price |
|---|---|---|
| 2025-08-04 | Sold | $230,000 |
| 2025-06-16 | Pending sale | $239,900 |
| 2025-06-13 | Listed for sale | $239,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $3712.00 | 210.79% | $153,400 | -17.35% |
| 2023-10-24 | $1194.36 | 24.71% | $185,600 | 44.32% |
| 2022-10-24 | $957.68 | 35.46% | $128,600 | 15.86% |
What's Special
Storage
Listed by: Spencer Childers • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522532
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.
