1415 Virginia St, Lafayette, IN, 47905 | $118/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1415 Virginia St, Lafayette, IN, 47905 | $118/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

Rental property for sale in Lafayette at 1415 Virginia St, Lafayette, IN, 47905 generates $1,468/mo in rent and, after a $1,101/mo payment, leaves $118/mo in cash flow. Total monthly income is $1,468/mo, and annual cash flow is $1,411/yr on $74,588 invested. Return on cash invested sits at 21.8% in year one, and rental yield is 7.83% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 112.78% and total cumulative return in cash sums $84,117. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,468/mo property income rather than buyer’s personal income.

Single Family

Built in 1940

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

?? Charming 1940 Midcentury Gem Lovingly Maintained By the same family Since 1970! ?? Step into timeless comfort with this beautifully preserved 3-bedroom, 2-bath midcentury home, owned and cared for by the same family for over 50 years. Full of character and warmth, this home offers spacious living and thoughtful updates in all the right places. ? Features You'll Love: Large Bedrooms Bright Living Room plus a cozy Family Room perfect for relaxing or entertaining Enclosed Front Porch a serene space for morning coffee or evening chats Oversized Detached 2-Car Garage with room for tools, toys, or a workshop Brand New Central Air installed for year-round comfort 1-Year-Old Washer & Dryer modern convenience included Well-Maintained Throughout lovingly kept by the same family since 1970 All the charm of a classic midcentury home, combined with the updates and space your family needs today. Dont miss the chance to make this special property your own! ?? Schedule a tour today and experience the pride of ownership firsthand!

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