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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 8981 Firefly Ln, Lafayette, IN, 47905 priced at $100,000 converts $0/mo rent into after a $489/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.71% in year one, and rental yield reads 0% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $489/mo payment, not borrower’s personal income.
Lot
Built in N/A
1.29 Acres lot
$N/A/sqft
$300 annually 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 |
|---|---|---|
| 2024-03-18 | Listed for sale | $100,000 |
| 2024-03-18 | Pending sale | $100,000 |
| 2024-03-18 | Listed for sale | $100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
No similar rental properties found nearby.
Listed by: Shannon R Smeltz • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202408827
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