902 N 21st St APT 2, Lafayette, IN, 47904 | $202/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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902 N 21st St APT 2, Lafayette, IN, 47904 | $202/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 902 N 21st St APT 2, Lafayette, IN, 47904 listed at $104,900 pairs $831/mo rent with a $513/mo payment to leave $202/mo cash flow. Total monthly income runs $831/mo, and annual cash flow reaches $2,421/yr on $34,774 cash to close. Return on cash invested measures 26.87% in year one, and rental yield registers 9.51% at a $104,900 basis. Equity gained on principal adds $677/yr, and annual property appreciation at 5% supports $28,982 by year five. Five-year ROI tracks 139.95% and total cumulative return in cash totals $48,666. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $831/mo property income relative to a $513/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1970

N/A lot

$N/A/sqft

No HOA

More details about the property

Check out this charming new condo for sale in a fantastic location! It's conveniently located near Downtown, making it just a quick drive across the bridge to Purdue University or an easy bike ride to the lively Main Street. This low-maintenance condo features two cozy bedrooms, a kitchen, a welcoming living area, and in-unit laundry for your convenience. You'll love the spacious storage options and the bonus of two balconies to soak up the outdoors. Plus, there's off-street parking for your ease. This is a wonderful opportunity for anyone looking to move away from campus living and own their own little piece of property, or for first-time homeowners. Inspections are welcome, but property is being sold as-is!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47904, Lafayette, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,604 (100%)
Owner Occupied HU	3,116 (41.0%)
Renter Occupied HU	3,885 (51.1%)
Vacant Housing Units	603 ( 7.9%)
Median Home Value	$128,606
Average Home Value	$188,435