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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 7 N 18th St, Lafayette, IN, 47904 priced at $270,000 pairs $2,459/mo rent with $780/mo cash flow after a $1,322/mo payment. Total monthly income equals $2,459/mo, and annual cash flow comes to $9,359/yr on $89,505 invested. Return on cash invested is 30.37% in year one, and rental yield stands at 10.93% on a $270,000 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,596 by year five. Five-year ROI measures 158.94% and total cumulative return in cash reaches $142,261. For financing, Ziffy Mortgage’s DSCR program evaluates $2,459/mo property income against a $1,322/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
8,058 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 |
|---|---|---|
| 2025-01-14 | Sold | $270,000 |
| 2024-12-15 | Pending sale | $275,000 |
| 2024-11-07 | Price change | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $2934.00 | 10.14% | $153,800 | 4.84% |
| 2023-10-24 | $2664.00 | 15.32% | $146,700 | 10.14% |
| 2022-10-24 | $2310.00 | 10.63% | $133,200 | 15.32% |
Listed by: John W Wilson • Redlow Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438430
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.
