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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 8 Torchwood Ln, Lafayette, IN, 47905 offers a 8.2% rental yield on a $224,900 purchase with $1,537/mo rent. Total monthly income registers $1,537/mo, and a $1,101/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,241/yr on $74,554 to close, and return on cash invested stands at 22.91% in year one. Equity gained on principal adds $1,451/yr while 5% annual appreciation supports $62,136 over five years. Portfolio math shows five-year ROI at 118.72% and total cumulative return in cash at $88,513. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,537/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
N/A 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 |
|---|---|---|
| 2025-04-11 | Listed for sale | $224,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-14 | $1335.00 | -0.96% | $153,300 | 14.83% |
| 2022-04-14 | $1348.00 | 31.78% | $133,500 | -0.96% |
| 2021-04-14 | $1022.88 | 8.03% | $134,800 | N/A |
What's Special
Pull Down Stairs,Storage
Listed by: Daniel L Hartley • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512457
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.
