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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 907 S 21st St, Lafayette, IN, 47905 generates $1,530/mo in rent and, after a $905/mo payment, leaves $420/mo in cash flow. Total monthly income is $1,530/mo, and annual cash flow is $5,040/yr on $61,328 invested. Return on cash invested sits at 28.13% in year one, and rental yield is 9.92% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 146.66% and total cumulative return in cash sums $89,943. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,530/mo property income rather than buyer’s personal income.
Single Family
Built in 1867
5,227 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-08-20 | Sold | $185,000 |
| 2025-07-23 | Pending sale | $180,000 |
| 2025-06-23 | Price change | $180,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-25 | $802.08 | 4.24% | $118,500 | 7.24% |
| 2023-10-25 | $769.44 | 20.34% | $110,500 | 9.95% |
| 2022-10-25 | $639.40 | 24.71% | $100,500 | 10.93% |
Listed by: Kelly Keenoy • BerkshireHathaway HS IN Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517538
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.
