1029 N 7th St, Lafayette, IN, 47904 | 6.87% Rental Yield

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1029 N 7th St, Lafayette, IN, 47904 | 6.87% Rental Yield | Ziffy

For Sale

Listed for sale today

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Lafayette at 1029 N 7th St, Lafayette, IN, 47904 listed at $275,000 pairs $1,575/mo rent with a $1,346/mo payment. Total monthly income runs $1,575/mo. Return on cash invested measures 18.91% in year one, and rental yield registers 6.87% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 97.28% and total cumulative return in cash totals $88,679. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,575/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 2000

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1029 N 7th St in Lafayette, Indianaan excellent duplex investment or house-hacking opportunity in a convenient northside location. Built in 2000, this well-maintained and updated property features two spacious units, each offering 3 bedrooms and 1 bathroom with functional layouts and modern updates throughout. Both sides have been cared for and improved over time, providing a truly turnkey, cash-flowing investment with minimal deferred maintenance. For owner-occupants, this property offers the ideal opportunity to live in one unit while renting the other to offset your mortgage. With strong rental demand in the area and solid construction, this duplex is a great addition to any investors portfolio or a smart entry point into multifamily ownership. This property can be purchased individually or as part of a three-property portfolio including 723 S 5th and 1829 Greenbush. Please provide at least 24-hour notice for all showings. All square footage figures are approximate; buyer to verify.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47904, Lafayette, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,604 (100%)
Owner Occupied HU	3,116 (41.0%)
Renter Occupied HU	3,885 (51.1%)
Vacant Housing Units	603 ( 7.9%)
Median Home Value	$128,606
Average Home Value	$188,435