610 S 9th StLafayetteIN47901
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 610 S 9th St, Lafayette, IN, 47901 in Lafayette worth study. Rental yield 3.72%. The 3.72% gross yield is below cash-flow benchmarks at $658,000, but 5% annual appreciation, adding $181,793 over five years, frames this as a capital growth position. Rent of $2,040/mo partially offsets the $2,959/mo payment. Ziffy Mortgage finances appreciation-play properties (0.69 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $126,058.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.7% | 4.2% |
| Monthly Cash Flow | $(1,910) | $850 |
City averages based on Lafayette market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,040 |
| Total Monthly Debt Service | $3,688 |
| DSCR Ratio | 0.55x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1880
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47901, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,754 (100%) |
| Owner Occupied HU | 418 (15.2%) |
| Renter Occupied HU | 1,979 (71.9%) |
| Vacant Housing Units | 357 (13.0%) |
| Median Home Value | $206,098 |
| Average Home Value | $258,678 |
Housing Distribution
Address Breakdown
Residential
2,451
Single Family
1,587
Multi-Family
864
Businesses
424
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 1880
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47901, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,754 (100%) |
| Owner Occupied HU | 418 (15.2%) |
| Renter Occupied HU | 1,979 (71.9%) |
| Vacant Housing Units | 357 (13.0%) |
| Median Home Value | $206,098 |
| Average Home Value | $258,678 |
Housing Distribution
Address Breakdown
Residential
2,451
Single Family
1,587
Multi-Family
864
Businesses
424
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susie Eros • F.C. Tucker/Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511380
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.