1803 Pierce St, Lafayette, IN, 47904 | $283/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1803 Pierce St, Lafayette, IN, 47904 | $283/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 1803 Pierce St, Lafayette, IN, 47904 uses $49,394 cash to close to unlock $3,394/yr annual cash flow and $283/mo monthly cash flow. Total monthly income runs $1,177/mo, and a $729/mo payment keeps the spread at $283/mo. Purchase price stands at $149,000, and rental yield measures 9.48% with $1,177/mo rent. Return on cash invested shows 26.78% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 139.46% and total cumulative return in cash records $68,884. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,177/mo property income covering a $729/mo payment rather than investor’s personal income.

Single Family

Built in 1940

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

Step inside to find a bright, inviting living area with plenty of natural light, a functional kitchen, and comfortable bedrooms. The homes layout offers easy living with everything you need on one level. Outside, enjoy your detached garage parking, storage, or a workshop space. The backyard provides a great spot for relaxing or gardening. Whether youre a first-time buyer, downsizing, or looking for an investment property, this home offers comfort, convenience, and value all in one package.

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