110 S 14th St · Lafayette, IN 47905

$155,000

3 bd · 1.0 ba · 1,092 sqft · SingleFamily public records · 84 Days on market

Built 1930 6,875 sqft lot Est $180k · 14% under

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +14.3/30.0
• ARV discount +13.8/15.0
• DSCR +4.3/10.0
• 1% rule +3.9/10.0
• Rent growth +3.8/5.0
• Livability +3.7/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This quaint home backs up to a wooded lot. It's beautifully landscaped and reflects pride of ownership. 9 Ft ceilings, spacious living room, and a formal dining area. The home also features a full unfinished basement perfect for storage, a workshop, or a craft area. Perfect location for those looking to be close to downtown or Purdue. Updates in the past two years include new crown molding, flooring, lighting, new disposal, new water heater, new bathroom, electrical upgrades, some plumbing replaced, new landscaping. All but 2 walls are new!

Key facts

• Wooded lot
• New landscaping
• Formal dining area

Tags

• WOODED LOT
• FULL UNFINISHED BASEMENT
• FORMAL DINING AREA
• CROWN MOLDING
• NEW LANDSCAPING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $27 ($326/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $137k (11.5% below list).
• Recommended offer: $137k (11.5% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.2% in Lafayette — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#68 in IN, #4,374 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D+, employment D+, crime F.
• Lafayette School Corporation (urban): math 29% / reading 34% proficiency, ranked #235 of 301 in IN (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Thomas Miller Elementary School (math 27% / reading 22%, grade F, #762 of 994 statewide, top 78%, 343 students, 85% FRL); Jefferson High School (math 23% / reading 55%, grade F, #235 of 369 statewide, top 65%, 2,118 students, 69% FRL).
• Market conditions: Rents rising fast (+5.1%/yr); 219 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,341 units permitted in Tippecanoe County in 2024 (869 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Tippecanoe County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 84 days — a 6% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 11y ago; this cycle's ask has dropped $30k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $84k; list at $155k implies a 85% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $137,221 (11.5% below list)

Questions for the listing agent

1. It's been on market 84 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.89% ✗
• Cap rate: 6.50%
• Cash-on-cash: 0.75%
• DSCR: 1.03
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $180,180
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
826 S 18th St	0.57mi	3/1.0	1,064 (-3%)	0mo	$150,000	$141	69
622 S 21st St	0.59mi	3/1.0	1,144 (+5%)	4mo	$192,000	$168	61
1114 Kossuth St	0.38mi	2/1.5 (-1)	1,179 (+8%)	4mo	$195,000	$165	59
819 S 19th St	0.60mi	3/1.0	988 (-10%)	1mo	$110,000	$111	55
1910 Perdue St	0.45mi	2/1.0 (-1)	993 (-9%)	8mo	$160,000	$161	52
1118 S 14th St	0.69mi	3/1.5	1,152 (+6%)	8mo	$217,000	$188	50
715 S 5th St	0.66mi	3/2.0	1,008 (-8%)	4mo	$164,900	$164	49
633 S 24th St	0.74mi	3/1.0	1,016 (-7%)	8mo	$110,000	$108	47
1202 S 14th St	0.71mi	2/1.0 (-1)	1,042 (-5%)	10mo	$206,000	$198	46
1204 Central St	0.63mi	3/1.5	1,246 (+14%)	2mo	$270,000	$217	43
1401 Franklin St	0.59mi	2/2.0 (-1)	1,192 (+9%)	9mo	$225,000	$189	40
1203 Central St	0.66mi	2/1.0 (-1)	1,222 (+12%)	10mo	$200,000	$164	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.12% rent growth · sell at horizon

5-year hold

• IRR: -12.8%
• Equity multiple: 0.53×
• Total profit: $-20,388
• Equity at exit: $23,111

10-year hold

• IRR: -0.8%
• Equity multiple: 0.94×
• Total profit: $-2,672
• Equity at exit: $13,402

Cash invested: $43,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 47905

• Home prices YoY: -33.2%
• Rents YoY: 5.1%
• Active inventory: 219
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,372 high
• Mortgage (P&I): −$813
• Tax from tax record: −$180 /mo · $2,154/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$288
• Net cashflow: $27

Break-even live

Break-even rent $1,338

Max offer price $155,000

Occupancy floor 93%

Sensitivity live

Price	-10% $115	-5% $71	+0% $27	+5% $-17	+10% $-61
Rent	-10% $-81	-5% $-27	+0% $27	+5% $81	+10% $136
Rate	-1.0pp $105	-0.5pp $67	base $27	+0.5pp $-13	+1.0pp $-54

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1512 Main St Unit 1 Lafayette, IN	2.0	1.5	1200	$1,349	$1.12	14d	1	0.20mi
1422 Main St Unit 05 Lafayette, IN	2.0	1.0	780	$875	$1.12	22d	1	0.21mi
1611 Grove St Lafayette, IN	3.0	1.5	1250	$1,195	$0.96	14d	1	0.22mi
409 S 15th St Lafayette, IN	2.0	2.0	864	$1,200	$1.39	45d	1	0.24mi
1024 Main St Unit 10245 Lafayette, IN	2.0	1.0	1200	$1,350	$1.12	22d	1	0.29mi
1739 Main St Unit 5 Lafayette, IN	3.0	1.0	850	$1,200	$1.41	45d	1	0.29mi
1739 Main St Unit 7 Lafayette, IN	3.0	1.0	750	$1,300	$1.73	14d	1	0.29mi
612 S 10th St Unit 612 Lafayette, IN	2.0	1.0	1028	$1,035	$1.01	14d	1	0.42mi
205 S 6th St Lafayette, IN	2.0	1.0	1123	$1,200	$1.07	22d	1	0.44mi
400 N 9th St Lafayette, IN	1.0–2.0	1.0–2.0	1600	$2,675	$1.67	45d	2	0.44mi
721 North St Apt 2 Lafayette, IN	2.0	1.0	1036	$900	$0.87	45d	1	0.47mi
500 South St Lafayette, IN	1.0–2.0	1.0–2.0	1232	$2,000	$1.62	22d	1	0.51mi
117 N 5th St Lafayette, IN	2.0	1.0–1.5	1123	$1,632	$1.45	22d	4	0.54mi
475 South St Lafayette, IN	1.0–2.0	1.0–2.0	870	$2,100	$2.41	14d	12	0.54mi
2026 Scott St Lafayette, IN	2.0	2.0	1025	$1,450	$1.41	45d	1	0.56mi
6 S 4th St Lafayette, IN	1.0–3.0	1.0–3.0	1102	$1,649	$1.50	14d	1	0.60mi
811 Union St Unit 813 Lafayette, IN	2.0	1.0	700	$850	$1.21	22d	1	0.67mi
802 N 9th St Lafayette, IN	2.0	1.0–2.0	902	$789	$0.87	14d	1	0.68mi
407 N 24th St Lafayette, IN	3.0	2.0	1388	$2,200	$1.59	45d	1	0.71mi
549 S 3rd St Lafayette, IN	2.0	1.0	1000	$1,100	$1.10	45d	1	0.71mi
423 N 3rd St Lafayette, IN	2.0	1.0	1100	$1,379	$1.25	45d	1	0.74mi
901 S 4th St Lafayette, IN	1.0–2.0	1.0	739	$1,033	$1.40	14d	3	0.81mi
2107 Central St Lafayette, IN	2.0	1.0	816	$1,179	$1.44	45d	1	0.83mi
915 N 6th St Lafayette, IN	2.0–3.0	1.0–2.0	850	$2,100	$2.47	45d	4	0.84mi
1213 S 19th St Lafayette, IN	3.0	2.0	1484	$1,900	$1.28	14d	1	0.85mi
510 Salem St Lafayette, IN	2.0	1.0–2.0	767	$1,138	$1.48	45d	1	0.87mi
1103 N 7th St Unit 4 Lafayette, IN	2.0	1.0	750	$920	$1.23	45d	1	0.90mi
1033 Holloway St Lafayette, IN	2.0	1.0	780	$1,150	$1.47	14d	1	1.05mi
1719 Morton St Lafayette, IN	2.0	1.0	820	$1,179	$1.44	45d	1	1.06mi
1102 Holloway St Apt 2 Lafayette, IN	2.0	1.0	747	$995	$1.33	45d	1	1.08mi
335 S 31st St Lafayette, IN	2.0	1.0	840	$1,250	$1.49	14d	1	1.10mi
320 Brown St West Lafayette, IN	1.0–4.0	1.0–2.0	835	$1,399	$1.68	14d	12	1.11mi
1226 Greenbush St Lafayette, IN	2.0	1.0	800	$800	$1.00	45d	1	1.12mi
1502 N 13th St Lafayette, IN	3.0	1.0	1000	$1,050	$1.05	45d	1	1.13mi
512 Portledge Commons Dr Lafayette, IN	1.0–2.0	1.0–2.0	978	$1,325	$1.35	45d	1	1.13mi
2450 S Earl Ave Lafayette, IN	1.0–2.0	1.0	755	$1,214	$1.61	14d	3	1.15mi
1510 N 10th St Unit FP205 Lafayette, IN	3.0	1.0	1050	$1,197	$1.14	14d	1	1.16mi
1707 Meharry St Lafayette, IN	3.0	2.0	1348	$1,500	$1.11	22d	1	1.23mi
400 N River Rd West Lafayette, IN	3.0	1.0–3.0	693	$1,229	$1.77	14d	42	1.29mi
120 S Salisbury St West Lafayette, IN	3.0	2.0	935	$1,399	$1.50	14d	1	1.32mi

Listing history 12 events

1. 2026-04-16
   status Pending
2. 2026-04-10
   price $155,000
3. 2026-03-27
   price $169,000
4. 2026-02-14
   price $175,000
5. 2026-01-22
   listed $185,000 Active
6. 2019-04-19
   soldstatus $84,000 546-char remark

   Show marketing remark (546 chars)

   This quaint home backs up to a wooded lot. It's beautifully landscaped and reflects pride of ownership. 9 Ft ceilings, spacious living room, and a formal dining area. The home also features a full unfinished basement perfect for storage, a workshop, or a craft area. Perfect location for those looking to be close to downtown or Purdue. Updates in the past two years include new crown molding, flooring, lighting, new disposal, new water heater, new bathroom, electrical upgrades, some plumbing replaced, new landscaping. All but 2 walls are new!

7. 2019-04-19
   soldstatus $84,000

   Show marketing remark (546 chars)

   This quaint home backs up to a wooded lot. It's beautifully landscaped and reflects pride of ownership. 9 Ft ceilings, spacious living room, and a formal dining area. The home also features a full unfinished basement perfect for storage, a workshop, or a craft area. Perfect location for those looking to be close to downtown or Purdue. Updates in the past two years include new crown molding, flooring, lighting, new disposal, new water heater, new bathroom, electrical upgrades, some plumbing replaced, new landscaping. All but 2 walls are new!

8. 2018-11-09
   listed $89,900 546-char remark

   Show marketing remark (546 chars)

   This quaint home backs up to a wooded lot. It's beautifully landscaped and reflects pride of ownership. 9 Ft ceilings, spacious living room, and a formal dining area. The home also features a full unfinished basement perfect for storage, a workshop, or a craft area. Perfect location for those looking to be close to downtown or Purdue. Updates in the past two years include new crown molding, flooring, lighting, new disposal, new water heater, new bathroom, electrical upgrades, some plumbing replaced, new landscaping. All but 2 walls are new!

9. 2018-11-09
   listed $89,900

   Show marketing remark (546 chars)

   This quaint home backs up to a wooded lot. It's beautifully landscaped and reflects pride of ownership. 9 Ft ceilings, spacious living room, and a formal dining area. The home also features a full unfinished basement perfect for storage, a workshop, or a craft area. Perfect location for those looking to be close to downtown or Purdue. Updates in the past two years include new crown molding, flooring, lighting, new disposal, new water heater, new bathroom, electrical upgrades, some plumbing replaced, new landscaping. All but 2 walls are new!

10. 2016-12-16
    soldstatus $62,500
11. 2016-04-22
    listed $62,500
12. 2015-07-10
    listed $65,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $2,154 · $180/mo
• Projected year-2 tax: $2,154 · $180/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,467
• − Mortgage interest: −$8,682
• − Property taxes: −$2,154
• − Insurance: −$775
• − Repairs & maintenance: −$1,317
• − Management: −$1,317
• − Depreciation: −$4,509
• Taxable loss: −$2,289
• Est. tax savings @ 24.0%: +$549
• After-tax cash flow: $875/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lafayette School Corporation
• NCES district ID: 1805400
• Math proficiency: 29% ▼ -9.00%
• Reading proficiency: 34% ▼ -7.00%
• Median HH income: $39,817
• Composite: 26.46/100
• National rank: #7217
• State rank: #235 of 301 in IN

Livability — Lafayette

• Score: 74/100
• State rank: #68
• US rank: #4374

Category grades

Amenities D+ Commute F Cost of living A+ Crime F Employment D+ Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lafayette, IN
• County: Tippecanoe County · 181,820 people
• City population: 106,622
• Metro: Lafayette-West Lafayette, IN
• Population (ZIP): 42,219
• Household income: $65,861
• Rent vs Own: 38.6% rent · 61.4% own
• Severe rent burden: 1475.0

Population outlook (Tippecanoe County) Hauer SSP2

• Today (2025): 215,327 people
• By 2030: 232,284 · +7.9%
• By 2040: 266,517 · +23.8%
• By 2050: 302,826 · +40.6%
• By 2075: 394,445 · +83.2%
• By 2100: 463,500 · +115.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 12% Two or more races 8% Black 7% Asian 4%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Romanian 3% Italian 2% Slovak 2%
• Foreign-born: 10% · Canada, China, Vietnam
• Languages at home: 91% English-only · Spanish 6% Other Asian/Pacific 1% Vietnamese 1%

Political lean MEDSL · Tippecanoe

• 2024 margin: Toss-up / Even · D 49.0% · R 49.1% · Other 1.9%
• 2008→2024 swing: -11.8pp toward R · 2008: 11.6pp · 2024: -0.1pp
• All cycles: 2024: R+0.1 2020: D+0.6 2016: R+5.7 2012: R+3.6 2008: D+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -113.05%
• Current HPI: 227.1583
• Rent YoY: ▲ 5.12%
• Metro: Lafayette-West Lafayette, IN
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

+138.5% since first listed

12 events — show timeline

• 2026-04-16 Pending — MIBOR as Distributed by MLS Grid
• 2026-04-10 Price Changed $155,000 MIBOR as Distributed by MLS Grid
• 2026-03-27 Price Changed $169,000 MIBOR as Distributed by MLS Grid
• 2026-02-14 Price Changed $175,000 MIBOR as Distributed by MLS Grid
• 2026-01-22 Listed $185,000 MIBOR as Distributed by MLS Grid
• 2019-04-19 Sold (MLS) $84,000 IRMLS
• 2019-04-19 Sold (MLS) $84,000 MIBOR as Distributed by MLS Grid
• 2018-11-09 Listed $89,900 MIBOR as Distributed by MLS Grid
• 2018-11-09 Listed $89,900 IRMLS
• 2016-12-16 Sold (MLS) $62,500 IRMLS
• 2016-04-22 Listed $62,500 IRMLS
• 2015-07-10 Listed $65,000 IRMLS

Property tax history

+17.0%/yr

Latest (2024): $2,154 · +16.8% YoY. Source: county tax records.