1920 Perdue St, Lafayette, IN, 47905 | $414/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1920 Perdue St, Lafayette, IN, 47905 | $414/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 1920 Perdue St, Lafayette, IN, 47905 offers a 9.97% rental yield on a $179,900 purchase with $1,494/mo rent. Total monthly income registers $1,494/mo, and a $881/mo payment leaves $414/mo available for distribution. Annual cash flow reaches $4,963/yr on $59,637 to close, and return on cash invested stands at 28.23% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 147.23% and total cumulative return in cash at $87,801. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,494/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1930

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1920 Perdue St, a beautifully updated 2-bedroom, 1-bath gem perfectly situated in one of Lafayettes most desirable locations directly across the street from Loeb Stadium and Tropicanoe Cove Water Park! This inviting home features high ceilings, fresh interior paint, brand-new flooring throughout, brand new kitchen appliances, and a new electric panel for peace of mind. The spacious full unfinished basement offers ample storage or room to expand, while the walk-up attic is ready to be finished to add even more living space or a third bedroom. Enjoy the outdoors from your charming covered front porch or relax in the screened-in back porch, perfect for morning coffee or evening unwinding. The oversized 1-car detached garage provides extra storage or workshop potential. Whether you're looking for your first home, downsizing, or investing, this home offers incredible potential in a prime Lafayette location. Dont miss your chance to live steps from parks, entertainment, and downtown convenience!

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