1919 Pierce StLafayetteIN47904
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Lafayette rentals match the income profile of 1919 Pierce St, Lafayette, IN, 47904. Listed at $163,000, gross rent is $1,526/mo and net cash flow is $512/mo, a 10.84% yield well above national averages. DSCR 2.08 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $45,034 by year five with $1,501/yr in annual principal reduction, projecting $96,941 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 4.2% |
| Monthly Cash Flow | $512 | $850 |
City averages based on Lafayette market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,526 |
| Total Monthly Debt Service | $914 |
| DSCR Ratio | 1.67x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
6,534 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,166
Single Family
6,169
Multi-Family
997
Businesses
623
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1920
6,534 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,166
Single Family
6,169
Multi-Family
997
Businesses
623
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charna J Virtue • BerkshireHathaway HS IN Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517746
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.