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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 West Lafayette at 833 Ashland St, West Lafayette, IN, 47906 offers $2,687/mo rent that, after a $1,527/mo payment, leaves $806/mo cash flow. Total monthly income is $2,687/mo, and annual cash flow is $9,671/yr on $103,428 cash. Return on cash invested measures 29.26% in year one, and rental yield stands at 10.33% at a $312,000 entry. Equity gained on principal adds $2,013/yr while 5% annual appreciation compounds into $86,200 by year five. Five-year ROI records 152.75% and total cumulative return in cash reaches $157,991. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,687/mo property income versus a $1,527/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.28 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-10-31 | Sold | $312,000 |
| 2024-10-16 | Pending sale | $299,000 |
| 2024-10-14 | Listed for sale | $299,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $2690.52 | 3.64% | $249,000 | 5.91% |
| 2023-10-24 | $2596.06 | 8.50% | $235,100 | 7.84% |
| 2022-10-24 | $2392.62 | 6.58% | $218,000 | 8.13% |
Listed by: Lauren J Alexander • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439865
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.
