1021 Southport Dr, Lafayette, IN, 47909 | $797/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1021 Southport Dr, Lafayette, IN, 47909 | $797/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

Design/Build Custom Plan, Chesapeake Pointe

5 Bed
4 Bath
2700 sft

Design/Build Custom Plan, Chesapeake Pointe, Lafayette, IN, 47905

4 Bed
4 Bath
3008 sft

The Maplebrook Plan, Chesapeake Pointe, Lafayette, IN, 47905

4 Bed
3 Bath
2407 sft

The Heritage Plan, Chesapeake Pointe, Lafayette, IN, 47905

4 Bed
3 Bath
3307 sft

The Charleston Plan, Chesapeake Pointe, Lafayette, IN, 47905

Nearby investment properties with comparable prices

4 Bed
3 Bath
1920 sft

805 Royce Dr, Lafayette, IN, 47909

4 Bed
2 Bath
2839 sft

113 W 700 N, Crawfordsville, IN, 47933

3 Bed
2 Bath
1552 sft

6696 N 150 W, Crawfordsville, IN, 47933

3 Bed
2 Bath
1338 sft

8013 W 510 S, Westpoint, IN, 47992

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Lafayette at 1021 Southport Dr, Lafayette, IN, 47909 listed at $295,000 pairs $2,568/mo rent with a $1,444/mo payment to leave $797/mo cash flow. Total monthly income runs $2,568/mo, and annual cash flow reaches $9,564/yr on $97,793 cash to close. Return on cash invested measures 29.69% in year one, and rental yield registers 10.45% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 155.09% and total cumulative return in cash totals $151,670. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,568/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1990

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained 3-bedroom, 2-bathroom home on the desirable southside of Lafayettewith no HOA! Boasting 2,170 square feet of living space, this home offers comfort, versatility, and freedom. From your covered patio and step into a welcoming foyer that leads into a spacious living room with vaulted ceilings, a cozy fireplace, and ceiling fans throughout. The eat-in kitchen features a new backsplash and sink and comes fully equipped with appliances. The primary suite is located on the main level and bathroom includes a smart Alexa-enabled fan and light for added convenience. Upstairs, youll find 2 additional bedrooms, loft, new carpet and a massive walk-in closet in the second bedroom. The finished basement adds incredible functionality, featuring a utility room, a storage room, and two extra recreation roomsperfect for a home gym, office, or entertainment space. Step outside to enjoy a beautifully landscaped, fully fenced backyard with a large deck, a walkway to a spacious patio, a metal gazebo, and an outdoor fireplaceideal for gatherings or quiet evenings. Additional highlights include a heated 2-car attached garage, new hot water heater, laundry room with hookups, and great storage space throughout. This home sits on a generous lot in a prime location and offers everything you needwithout the restrictions of an HOA! Schedule your appointment today as this one is not going to last long!

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