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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lafayette at 3503 S 9th St, Lafayette, IN, 47909 offers a 6.14% rental yield on a $500,000 purchase with $2,558/mo rent. 5% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,141 over five years. Portfolio math shows five-year ROI at 84.37% and total cumulative return in cash at $139,844. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,558/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
2.21 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47909, Lafayette, IN area.
| 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 |
Residential
18,114
Single Family
16,603
Multi-Family
1,511
Businesses
463
Date | Event | Price |
|---|---|---|
| 2025-05-22 | Listed for sale | $500,000 |
| 2021-08-13 | Sold | $400,000 |
| 2021-06-29 | Pending sale | $385,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-23 | $4489.52 | 25.60% | $454,200 | 8.09% |
| 2023-05-23 | $3574.48 | 4.51% | $420,200 | 25.10% |
| 2022-05-23 | $3420.24 | 1.25% | $335,900 | 8.01% |
Listed by: Stacy R Grove • @properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519043
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.
