511 N 7th St, Lafayette, IN, 47901 | $430/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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511 N 7th St, Lafayette, IN, 47901 | $430/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 511 N 7th St, Lafayette, IN, 47901 earns $430/mo cash flow from $2,711/mo rent with a $1,860/mo payment. Total monthly income totals $2,711/mo, and annual cash flow totals $5,158/yr on $125,970 capital. ROI tracks 24% on current figures, and rental yield reads 8.56% at a $380,000 purchase. Equity gained on principal adds $2,452/yr, and 5% annual appreciation supports $104,987 over five years. Five-year ROI reaches 124.55% and total cumulative return in cash sums $156,901. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,711/mo property income instead of your personal income.

Single Family

Built in 1900

4,399 sqft lot

$N/A/sqft

No HOA

More details about the property

Seize the wonderful opportunity to become a proud owner of a property in the charming historic district of downtown Lafayette! Nestled on a scenic hill on N. 7th St., this home is ideally located within walking distance of vibrant local amenities, including delightful restaurants, lively pubs, an array of shops, engaging community events, and tempting bakeries! Plus, it offers a quick commute to Purdue University. This home has been fully inspected prior to listing with a detailed report and repairs list available on request. You will notice the entire front side of the property has been professionally landscaped in 2025 bringing beauty and easy care for future the homeowner. As you ascend the steps, you'll find a welcoming porch that's perfect for relaxing or entertaining while enjoying the fresh air. Step into the spacious foyer where the home greets you with its original character, featuring a stunning wood staircase, beautiful crown molding, gleaming hardwood floors, and high ceilings accentuated by grand windows that fill the space with natural light! The entire home has been freshly painted, new SS appliances installed and carpets professionally cleaned in 2025! The main floor includes a well-equipped kitchen, a formal dining room, a cozy living room with a fireplace, a charming mud/sunroom, a convenient laundry room, a walk-in pantry, and a distinctive powder room. Heading to the second floor, you'll discover a generous primary bedroom with a full bath, two additional bedrooms, and another full bath. The third floor reveals a fully finished fourth bedroom or versatile space that you can customize to your liking! This property has dual zoned heating/cooling with the main two floors on their own HVAC system and the 3rd floor with a separate HVAC system. Find additional storage in the clean basement. At the back, you'll find a lovely paver patio, perfect for gardening or unwinding, along with a spacious two-car garage. This home is more than move in ready for its next family to create lasting memories!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47901, Lafayette, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,754 (100%)
Owner Occupied HU	418 (15.2%)
Renter Occupied HU	1,979 (71.9%)
Vacant Housing Units	357 (13.0%)
Median Home Value	$206,098
Average Home Value	$258,678