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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 West Lafayette at 801 Trace Eight, West Lafayette, IN, 47906 listed at $235,000 pairs $1,810/mo rent with a $1,150/mo payment to leave $160/mo cash flow. Total monthly income runs $1,810/mo, and annual cash flow reaches $1,914/yr on $77,903 cash to close. Return on cash invested measures 22.37% in year one, and rental yield registers 9.24% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 117.14% and total cumulative return in cash totals $91,252. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,810/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
2,613 sqft lot
$N/A/sqft
$240 monthly HOA
Neighborhood data shown for ZIP Code: 47906, West Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,475 (100%) |
| Owner Occupied HU | 12,026 (39.5%) |
| Renter Occupied HU | 15,431 (50.6%) |
| Vacant Housing Units | 3,018 ( 9.9%) |
| Median Home Value | $337,444 |
| Average Home Value | $371,802 |
Residential
28,098
Single Family
17,941
Multi-Family
10,157
Businesses
863
Date | Event | Price |
|---|---|---|
| 2025-10-10 | Sold | $235,000 |
| 2025-09-12 | Pending sale | $255,000 |
| 2025-08-26 | Listed for sale | $255,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1639.34 | 10.12% | $173,300 | 6.98% |
| 2023-10-24 | $1488.72 | 18.83% | $162,000 | 16.05% |
| 2022-10-24 | $1252.84 | 14.82% | $139,600 | 13.04% |
Listed by: Michelle Wagoner • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202534218
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.
