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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 80 Karin Ct, Lafayette, IN, 47909 offers a 10.21% rental yield on a $220,000 purchase with $1,871/mo rent. Total monthly income registers $1,871/mo, and a $1,077/mo payment leaves $550/mo available for distribution. Annual cash flow reaches $6,602/yr on $72,930 to close, and return on cash invested stands at 28.96% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 151.18% and total cumulative return in cash at $110,255. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,871/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47909, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,777 (100%) |
| Owner Occupied HU | 11,637 (62.0%) |
| Renter Occupied HU | 5,952 (31.7%) |
| Vacant Housing Units | 1,188 ( 6.3%) |
| Median Home Value | $237,746 |
| Average Home Value | $278,258 |
Residential
18,114
Single Family
16,603
Multi-Family
1,511
Businesses
463
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Listed for sale | $220,000 |
| 2004-10-07 | Sold | $94,000 |
| 1997-05-30 | Sold | $92,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-24 | $1243.56 | 39.57% | $149,300 | 14.06% |
| 2022-03-24 | $891.00 | 30.74% | $130,900 | 23.72% |
| 2021-03-24 | $681.48 | 11.41% | $105,800 | N/A |
Listed by: Adam Schenk • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509275
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.
