1406 Virginia St, Lafayette, IN, 47905 | $521/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1406 Virginia St, Lafayette, IN, 47905 | $521/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
2902 sft

519 Duroc Ct, Lafayette, IN, 47909

4 Bed
3 Bath
1920 sft

871 Liverpool Ct, Lafayette, IN, 47909

4 Bed
1 Bath
1225 sft

25 Creekview Ct, Lafayette, IN, 47909

2 Bed
2 Bath
1918 sft

1745 Mill Pond Ln, Lafayette, IN, 47905

Nearby investment properties with comparable prices

4 Bed
3 Bath
1828 sft

3349 Sussex Ln, Lafayette, IN, 47909

3 Bed
2 Bath
1444 sft

2701 S 9th St, Lafayette, IN, 47909

5 Bed
2 Bath
2544 sft

510 E Monroe St, Attica, IN, 47918

3 Bed
2 Bath
1209 sft

854 Sussex Ct, Lafayette, IN, 47909

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Lafayette at 1406 Virginia St, Lafayette, IN, 47905 offers a 9.92% rental yield on a $230,000 purchase with $1,902/mo rent. Total monthly income registers $1,902/mo, and a $1,126/mo payment leaves $521/mo available for distribution. Annual cash flow reaches $6,253/yr on $76,245 to close, and return on cash invested stands at 28.11% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 146.65% and total cumulative return in cash at $111,811. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,902/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1950

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained bungalow (has brand new roof, furnace, and AC unit) nestled in a family-friendly neighborhood just steps from Highland Park and a short walk to local shops, restaurants, and even downtown. This home perfectly blends classic charm and modern comfort, featuring a spacious fenced-in yard, a large deck ideal for entertaining, and a welcoming front porch complete with a swing - the perfect spot to sip your morning coffee or unwind in the evening. Inside, you'll find warm, inviting living spaces filled with natural light. The cozy upstairs area offers flexible options - use it as a home office, bonus room, or spacious primary suite. Whether you're a first-time buyer or looking to downsize, this home offers the perfect combination of comfort, character, and convenience. Don't miss your chance to own a piece of this sought-after neighborhood - schedule your showing today!

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