Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 924 N Wagonwheel Trl, Lafayette, IN, 47909 generates $1,979/mo in rent and, after a $1,184/mo payment, leaves $527/mo in cash flow. Total monthly income is $1,979/mo, and annual cash flow is $6,321/yr on $80,223 invested. Return on cash invested sits at 27.79% in year one, and rental yield is 9.81% on a $242,000 entry. Equity gained on principal adds $1,562/yr, while 5% annual appreciation builds toward $66,860 over five years. Five-year ROI reaches 144.85% and total cumulative return in cash sums $116,202. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,979/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
10,018 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-08-15 | Sold | $242,000 |
| 2025-06-24 | Pending sale | $239,900 |
| 2025-06-20 | Listed for sale | $239,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-04 | $950.58 | 14.45% | $169,200 | 9.02% |
| 2023-11-04 | $830.58 | 26.58% | $155,200 | 10.94% |
| 2022-11-04 | $656.16 | 20.83% | $139,900 | 16.29% |
Listed by: Robyn Bower • The Real Estate Agency
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523697
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.
