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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 609 S 9th St, Lafayette, IN, 47905 uses $115,694 cash to close to unlock $2,570/yr annual cash flow and $214/mo monthly cash flow. Total monthly income runs $2,309/mo, and a $1,708/mo payment keeps the spread at $214/mo. Purchase price stands at $349,000, and rental yield measures 7.94% with $2,309/mo rent. Return on cash invested shows 22.13% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 114.54% and total cumulative return in cash records $132,516. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,309/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Single Family
Built in 1915
6,708 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47905, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,630 (100%) |
| Owner Occupied HU | 10,991 (56.0%) |
| Renter Occupied HU | 7,333 (37.4%) |
| Vacant Housing Units | 1,306 ( 6.7%) |
| Median Home Value | $254,797 |
| Average Home Value | $312,191 |
Residential
18,720
Single Family
15,750
Multi-Family
2,970
Businesses
1,408
Date | Event | Price |
|---|---|---|
| 2025-07-07 | Sold | $349,000 |
| 2025-05-11 | Pending sale | $349,000 |
| 2025-05-08 | Listed for sale | $349,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $1801.80 | 10.74% | $199,300 | 5.79% |
| 2023-10-20 | $1627.00 | 5.79% | $188,400 | 15.80% |
| 2022-10-20 | $1538.00 | 11.51% | $162,700 | 5.79% |
Listed by: Susan Pounders • F.C. Tucker/Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516555
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.
