220 Hickory St, Lafayette, IN, 47905 | $252/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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220 Hickory St, Lafayette, IN, 47905 | $252/mo Cash Flow | Ziffy

For Sale

Listed for sale 5 days ago

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

Rental property for sale in Lafayette at 220 Hickory St, Lafayette, IN, 47905 offers $1,512/mo rent that, after a $1,027/mo payment, leaves $252/mo cash flow. Total monthly income is $1,512/mo, and annual cash flow is $3,028/yr on $69,582 cash. Return on cash invested measures 24.26% in year one, and rental yield stands at 8.64% at a $209,900 entry. Equity gained on principal adds $1,354/yr while 5% annual appreciation compounds into $57,992 by year five. Five-year ROI records 125.98% and total cumulative return in cash reaches $87,656. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,512/mo property income versus a $1,027/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1935

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 220 Hickory! This inviting 3-bedroom, 2-bath home offers nearly 1,500 sq ft of living space, sitting on a large desirable corner lot with an oversized 22x24 detached 2-car garage. Inside, youll appreciate the convenient main-level bedroom, with two additional bedrooms upstairs, giving you flexibility for family, guests, or office space. The dining room located right off the kitchen makes mealtime simple, while a main-level full bathroom and mudroom add extra functionality. The nearly finished basement offers additional flex space and a full bathroom. Outside, enjoy a fully fenced backyard, perfect for children, pets, and private gatherings. The meticulously maintained detached 2-car garage provides excellent parking and storage. This property has been a rental for the past several years and is now ready for new owners to make it their own. Perfect as an investment or primary residence, don't miss this great opportunity to make it yours!

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