1203 Central St, Lafayette, IN, 47905 | $389/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1203 Central St, Lafayette, IN, 47905 | $389/mo Cash Flow | Ziffy

For Sale

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 1203 Central St, Lafayette, IN, 47905 earns $389/mo cash flow from $1,584/mo rent with a $974/mo payment. Total monthly income totals $1,584/mo, and annual cash flow totals $4,673/yr on $65,969 capital. ROI tracks 26.99% on current figures, and rental yield reads 9.55% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 140.62% and total cumulative return in cash sums $92,766. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,584/mo property income instead of your personal income.

Single Family

Built in 1953

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Full of charm and character, this 2 bedroom, 1 bath home at 1203 Central is ready for your personal touch. Original hardwood floors run throughout most of the home, with brand new flooring in the kitchen and bath. The cozy living room features a fireplace, and the bright sunroom offers great flexibility as a home office, playroom, or relaxing retreat. Youll find plenty of storage throughout the home, including an unfinished basement and a spacious 2-car detached garage. Situated on a lovely, tree-lined street in an established neighborhood close to schools, shopping, and restaurants, this home is perfect as a starter or investment property and a great opportunity to settle into a desirable location and make it your own.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47905, Lafayette, IN area.

Housing Distribution

Housing Statistics

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