1842 Mill Pond Ln, Lafayette, IN, 47905 | 5.41% Rental Yield

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Price: $300K - 500K

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1842 Mill Pond Ln, Lafayette, IN, 47905 | 5.41% Rental Yield | 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

Total monthly income runs $1,351/mo, and a $1,468/mo payment. Purchase price stands at $299,900, and rental yield measures 5.41% with $1,351/mo rent. Return on cash invested shows 14.48% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 73.51% and total cumulative return in cash records $73,084. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,351/mo property income covering a $1,468/mo payment rather than investor’s personal income.

Condo

Built in 1997

1,742 sqft lot

$N/A/sqft

No HOA

More details about the property

Enjoy the best of both worlds with this beautiful 2-bedroom, 2-bath condo-tucked away in a quiet, scenic setting yet conveniently located right inside city limits! Backing up to a wooded area and a gentle creek, you'll love watching deer and squirrels wander by while you sip your morning coffee from the screened-in back porch. Inside, cathedral ceilings and an open floor plan create a bright, airy feel that makes this home instantly welcoming. The spacious living and dining areas flow right into the kitchen, making it perfect for entertaining or cozy nights in. The primary suite offers its own private bath and walk-in closet, while the second bedroom and full bath add flexibility for guests, an office, or a hobby space. With a 2-cargarage, a 3-year-old roof, and plenty of natural light throughout, this home checks all the boxes. Plus, the HOA takes care of lawn maintenance-so you can spend less time on chores and more time enjoying your peaceful, nature-filled surroundings.

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