17 S 7th St, Lafayette, IN, 47901 | 5.06% Rental Yield

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17 S 7th St, Lafayette, IN, 47901 | 5.06% Rental Yield | Ziffy

For Sale

Fix & Flip

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

Total monthly income runs $1,434/mo, and a $1,664/mo payment. Purchase price stands at $339,900, and rental yield measures 5.06% with $1,434/mo rent. Return on cash invested shows 13.45% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 67.98% and total cumulative return in cash records $76,595. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,434/mo property income covering a $1,664/mo payment rather than investor’s personal income.

Single Family

Built in 1875

5,009 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 17 South 7th Street. The facility, built in 1875, was initially established as a Jewish Temple. Later, the facility served as home of the Unitarian Fellowship of Greater Lafayette from 1977- 2007, before being purchased in 2010 by Seeds of Hope Community Ministries, a non-profit organization providing aid & support to local residents. Boasting 4,176 sq feet of space, the 2-story building consists of five (5) classrooms and two (2) half bathrooms on the main level, and a large, Sanctuary space on the upper level. The stained- glass windows, throughout the facility, appear to be original or near-original. The property is being offered in as-is condition.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47901, Lafayette, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,754 (100%)
Owner Occupied HU	418 (15.2%)
Renter Occupied HU	1,979 (71.9%)
Vacant Housing Units	357 (13.0%)
Median Home Value	$206,098
Average Home Value	$258,678