3309 S 9th St, Lafayette, IN, 47909 | $288/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3309 S 9th St, Lafayette, IN, 47909 | $288/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

Rental property for sale in Lafayette at 3309 S 9th St, Lafayette, IN, 47909 generates $1,938/mo in rent and, after a $1,346/mo payment, leaves $288/mo in cash flow. Total monthly income is $1,938/mo, and annual cash flow is $3,460/yr on $91,129 invested. Return on cash invested sits at 23.71% in year one, and rental yield is 8.46% on a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 122.99% and total cumulative return in cash sums $112,083. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,938/mo property income rather than buyer’s personal income.

Single Family

Built in 1956

0.55 Acres lot

$N/A/sqft

No HOA

More details about the property

This charming, well-maintained all-brick ranch combines comfort, style, and space on a beautiful -acre lotoffering the best of both worlds: city convenience and room to breathe. The open-concept living room, dining area, and kitchen create a warm, inviting atmosphere ideal for everyday living, family gatherings, or entertaining friends. Three generously sized bedrooms and two full baths include a recently updated tiled walk-in shower for a touch of modern luxury. The well-appointed kitchen features abundant cabinetry, solid-surface counters, and all appliances, including a brand-new range oven to delight any cook. A spacious laundry/mud room just off the kitchen adds everyday functionality, while newer windows fill the home with natural light. Outside, enjoy a sprawling backyard shaded by mature trees, two storage sheds, and a driveway with an extra paved area for additional parking and easy turn-around.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47909, Lafayette, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,777 (100%)
Owner Occupied HU	11,637 (62.0%)
Renter Occupied HU	5,952 (31.7%)
Vacant Housing Units	1,188 ( 6.3%)
Median Home Value	$237,746
Average Home Value	$278,258