525 S 3rd St, Lafayette, IN, 47905 | 3.81% Rental Yield

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525 S 3rd St, Lafayette, IN, 47905 | 3.81% Rental Yield | Ziffy

For Sale

Rental Income

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 525 S 3rd St, Lafayette, IN, 47905 offers a 3.81% rental yield on a $400,000 purchase with $1,270/mo rent. 67% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 47.69% and total cumulative return in cash at $63,232. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,270/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1921

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Turnkey 4-unit income property in a growing section of Downtown Lafayette. This fully occupied building includes two 2-bedroom units and two 1-bedroom units, generating $4,000/month in gross rents with a mix of tenant and landlord-paid utilities. Recent updates will reduce maintenance concerns and provide a solid foundation for long-term returns. With one lease ready for renewal in the coming month, theres immediate upside to increase utility income and market rents, giving investors a clear path to enhance cash flow from day one. Centrally located, tenants enjoy walkable access to downtown shopping, dining, entertainment, ensuring strong demand in Lafayettes expanding rental market for years to come. This property is ideal for investors looking to add stable, income-producing real estate to their portfolio in a high-demand area. Leases and financials available upon request.

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