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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 982 Devon St, West Lafayette, IN, 47906 generates $1,864/mo in rent, after a $1,591/mo payment. Total monthly income is $1,864/mo. Return on cash invested sits at 18.94% in year one, and rental yield is 6.88% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 97.39% and total cumulative return in cash sums $104,929. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,864/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
10,018 sqft 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 |
|---|---|---|
| 2025-04-03 | Listed for sale | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-04 | $2095.08 | 9.53% | $198,800 | 11.06% |
| 2022-04-04 | $1912.72 | 8.39% | $179,000 | 8.95% |
| 2021-04-04 | $1764.68 | 7.39% | $164,300 | N/A |
Listed by: Stacy R Grove • @properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511074
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.
