1802 Thompson St, Lafayette, IN, 47904 | $593/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

1802 Thompson St, Lafayette, IN, 47904 | $593/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1606 sft

3319 E 800 N, Wingate, IN, 47994

3 Bed
2 Bath
1200 sft

3435 Coventry Ln, Lafayette, IN, 47909

2 Bed
2 Bath
1065 sft

5127 Old Us Highway 231 S, Lafayette, IN, 47909

3 Bed
2 Bath
2451 sft

10162 N New Richmond Rd, New Richmond, IN, 47967

Nearby investment properties with comparable prices

3 Bed
2 Bath
1968 sft

516 S 1st St, Lafayette, IN, 47905

4 Bed
1 Bath
1225 sft

25 Creekview Ct, Lafayette, IN, 47909

3 Bed
2 Bath
1005 sft

3607 S 250 W, Lafayette, IN, 47909

2 Bed
2 Bath
1245 sft

305 S Wabash St, New Richmond, IN, 47967

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 1802 Thompson St, Lafayette, IN, 47904 listed at $200,000 pairs $1,794/mo rent with a $979/mo payment to leave $593/mo cash flow. Total monthly income runs $1,794/mo, and annual cash flow reaches $7,120/yr on $66,300 cash to close. Return on cash invested measures 30.65% in year one, and rental yield registers 10.76% at a $200,000 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 160.25% and total cumulative return in cash totals $106,244. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,794/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1901

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming Lafayette Home Near Parks and Downtown! Discover this 4-bedroom home ideally located in the heart of Lafayette. Just a short walk to Columbia Park, Tropicanoe Cove, and Loeb Stadium, youll love the convenience and community feel. Enjoy a large wrap-around front porch, an eat-in kitchen with all appliances included, and a 2-car detached garage. The HVAC is only a year old, and the unfinished basement provides plenty of room for storage or future expansion. Centrally located near shopping, dining, and downtown attractionsthis home combines charm, location, and value!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47904, Lafayette, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,604 (100%)
Owner Occupied HU	3,116 (41.0%)
Renter Occupied HU	3,885 (51.1%)
Vacant Housing Units	603 ( 7.9%)
Median Home Value	$128,606
Average Home Value	$188,435