723 S 5th St, Lafayette, IN, 47905 | 4.89% Rental Yield

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Price: $300K - 500K

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723 S 5th St, Lafayette, IN, 47905 | 4.89% Rental Yield | Ziffy

For Sale

Listed for sale today

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 723 S 5th St, Lafayette, IN, 47905 earns from $1,060/mo rent with a $1,273/mo payment. Total monthly income totals $1,060/mo. ROI tracks 12.93% on current figures, and rental yield reads 4.89% at a $260,000 purchase. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 over five years. Five-year ROI reaches 65.16% and total cumulative return in cash sums $56,165. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,060/mo property income instead of your personal income.

Multi Family

Built in 1920

0.91 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 723 S 5th St in Lafayette, Indiana-an excellent duplex investment or house-hacking opportunity in a convenient south side location. Built in 1920, this well-maintained and updated property features two spacious units, each offering 2 bedrooms and 1 bathroom with functional layouts and modern updates throughout. Both sides have been cared for and improved over time, providing a truly turnkey, cash-flowing investment with minimal deferred maintenance. For owner-occupants, this property offers the ideal opportunity to live in one unit while renting the other to offset your mortgage. With strong rental demand in the area and solid construction, this duplex is a great addition to any investors portfolio or a smart entry point into multifamily ownership.This property can be purchased individually or as part of a three-property portfolio including 1029 N 7th and 1829 Greenbush. Please provide at least 24-hour notice for all showings. All square footage figures are approximate; buyer to verify.

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