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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 715 Park Ave, Lafayette, IN, 47904 uses $62,952 cash to close to unlock $3,894/yr annual cash flow and $325/mo monthly cash flow. Total monthly income runs $1,464/mo, and a $929/mo payment keeps the spread at $325/mo. Purchase price stands at $189,900, and rental yield measures 9.25% with $1,464/mo rent. Return on cash invested shows 26.1% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 135.79% and total cumulative return in cash records $85,481. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,464/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1941
7,840 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 |
|---|---|---|
| 2025-04-07 | Listed for sale | $189,900 |
| 2016-12-19 | Sold | $76,500 |
| 2016-11-01 | Listed for sale | $76,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-08 | $905.54 | 19.71% | $120,300 | 9.86% |
| 2022-04-08 | $756.42 | 24.03% | $109,500 | 11.62% |
| 2021-04-08 | $609.86 | 0.73% | $98,100 | N/A |
What's Special
Pull Down Stairs,Storage
Listed by: Erin Marsell • Indiana Integrity REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511585
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.
