1883 Paloma Ct, Lafayette, IN, 47909 | 6.32% Rental Yield

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1883 Paloma Ct, Lafayette, IN, 47909 | 6.32% Rental Yield | 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

Investment property for sale in Lafayette at 1883 Paloma Ct, Lafayette, IN, 47909 earns from $2,423/mo rent with a $2,251/mo payment. Total monthly income totals $2,423/mo. ROI tracks 17.25% on current figures, and rental yield reads 6.32% at a $460,000 purchase. Equity gained on principal adds $2,968/yr, and 5% annual appreciation supports $127,090 over five years. Five-year ROI reaches 88.36% and total cumulative return in cash sums $134,737. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,423/mo property income instead of your personal income.

Single Family

Built in 2018

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Located on Lafayettes south side in the desirable Hickory Ridge subdivision, this 4 bedroom, 3 bathroom home offers comfort and thoughtful design. From the backyard, enjoy a peaceful water pond view, along with super low HOA fees that even include trash pickup. The vaulted great room anchors the main floor, which also features three bedrooms and a flexible office or bonus room. The kitchen makes entertaining easy with a double built-in oven, electric cooktop, and large island. The primary suite includes a walk-in closet, dual vanity, and spacious stand-up shower, with the laundry room conveniently nearby. Upstairs youll find a fourth bedroom with an oversized closet, while the oversized 3 car garage provides plenty of room for vehicles, storage, and utilities. This home blends convenience, style, and space in a prime location.

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