411 Hickory St, Lafayette, IN, 47905 | $123/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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411 Hickory St, Lafayette, IN, 47905 | $123/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 411 Hickory St, Lafayette, IN, 47905 at $215,000 posts ROI 21.98% with $123/mo cash flow from $1,413/mo rent. Total monthly income equals $1,413/mo, and annual cash flow records $1,473/yr on $71,273 to close. Return on cash invested measures 21.98% and rental yield reads 7.89% at the current $215,000. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 by year five. Five-year ROI prints 113.68% and total cumulative return in cash totals $81,025.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,413/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1959

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Nestled on a spacious corner lot just around the corner from Lafayette Country Club, this charming 3 bedroom, 2.5 bath ranch offers the perfect blend of character, space and opportunity. With 1,040 square feet on the main level and a full basement ready for renovation, this property invites both first-time homebuyers and savvy investors alike. Underneath the carpet, original hardwood floors are just waiting to shine again. Updates include a newer roof, water heater and A/C - all under 3 years old. Have a vision for multi-family living? This property is zoned R2 and offers potential to be converted back into a duplex. Whether youre thinking of rental income, guest quarters, or a creative space of your own, the layout provides flexibility. The basement has its own separate entrance, and is ready to be outfitted as a one bedroom, one bath unit. Conveniently located close to downtown Lafayette, and a short drive to Purdue University. Excellent potential in this home! Take a look at this one today!

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