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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 824 Drydock Dr, Lafayette, IN, 47909 offers $2,100/mo rent that, after a $2,300/mo payment. Total monthly income is $2,100/mo. Return on cash invested measures 14.16% in year one, and rental yield stands at 5.36% at a $469,900 entry. Equity gained on principal adds $3,032/yr while 5% annual appreciation compounds into $129,825 by year five. Five-year ROI records 71.88% and total cumulative return in cash reaches $111,974. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,100/mo property income versus a $2,300/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.26 Acres lot
$N/A/sqft
$300 annually 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 |
|---|---|---|
| 2025-07-24 | Sold | $469,900 |
| 2025-05-09 | Listed for sale | $469,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
Pull Down Stairs,Storage
Listed by: Ashley Milakis Spencer • Raeco Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516919
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.
