1622 Perdue St, Lafayette, IN, 47905 | $371/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1622 Perdue St, Lafayette, IN, 47905 | $371/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 1622 Perdue St, Lafayette, IN, 47905 uses $66,267 cash to close to unlock $4,457/yr annual cash flow and $371/mo monthly cash flow. Total monthly income runs $1,571/mo, and a $978/mo payment keeps the spread at $371/mo. Purchase price stands at $199,900, and rental yield measures 9.43% with $1,571/mo rent. Return on cash invested shows 26.64% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 138.71% and total cumulative return in cash records $91,921. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,571/mo property income covering a $978/mo payment rather than investor’s personal income.

Single Family

Built in 1979

6,316 sqft lot

$N/A/sqft

No HOA

More details about the property

Updated 2 bed, 1 bath home with a welcoming covered front porch that's perfect for enjoying quiet mornings or relaxed evenings. Inside, you'll find stylish and durable vinyl plank flooring throughout the living room, dining room, and kitchen for easy cleaning. The kitchen features crisp white cabinetry and a classic subway tile backsplash. The unfinished partial basement, provides plenty of storage space. Step outside to a partially fenced backyard. Conveniently located just minutes from Tropicanoe Cove, Columbian Park Zoo, and the new baseball stadium. Ideal for first-time buyers, downsizers, or investors!

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