802 S 12th St, Lafayette, IN, 47905 | $215/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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802 S 12th St, Lafayette, IN, 47905 | $215/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 802 S 12th St, Lafayette, IN, 47905 uses $102,732 cash to close to unlock $2,574/yr annual cash flow and $215/mo monthly cash flow. Total monthly income runs $2,075/mo, and a $1,517/mo payment keeps the spread at $215/mo. Purchase price stands at $309,900, and rental yield measures 8.03% with $2,075/mo rent. Return on cash invested shows 22.41% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 116.06% and total cumulative return in cash records $119,232. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,075/mo property income covering a $1,517/mo payment rather than investor’s personal income.

Single Family

Built in 1920

6,272 sqft lot

$N/A/sqft

No HOA

More details about the property

Located in the heart of Lafayette's Historic District close to Highland Park, 802 South 12th St is calling you home. This darling and unique property overflows with charm. The craftsman style abounds with amazing hardwood floors, gorgeous built-ins and no lack of natural light from the abundance of windows. Upgraded kitchen and bathrooms allow modern amenities to compliment the historic feel. Full, finished basement is complete with full bath, extra living space, potential for an extra bedroom, project room, and oversized laundry room. Enjoy the peaceful neighborhood sitting on the front porch or the privacy of a completely fenced in backyard. Detached one-car garage with access off alley behind property.

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