228 Buckingham Cir, Lafayette, IN, 47909 | $365/mo Cash Flow

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228 Buckingham Cir, Lafayette, IN, 47909 | $365/mo Cash Flow | Ziffy

Pending

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 228 Buckingham Cir, Lafayette, IN, 47909 offers a 8.72% rental yield on a $289,000 purchase with $2,100/mo rent. Total monthly income registers $2,100/mo, and a $1,415/mo payment leaves $365/mo available for distribution. Annual cash flow reaches $4,376/yr on $95,804 to close, and return on cash invested stands at 24.48% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 127.11% and total cumulative return in cash at $121,778. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,100/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1998

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

This immaculate 3-bedroom, 2-bathroom home is clean, comfortable, and truly move-in ready! Step into the spacious living room featuring soaring vaulted ceilings and a cozy fireplace, seamlessly flowing into the dining area, perfect for entertaining family and friends. The kitchen includes ample counter space and sleek stainless steel appliances. The primary suite is conveniently located on the main level and features a full bathroom with a double vanity and a generous walk-in closet. Upstairs, you'll find two additional bedrooms, a full bathroom, and a versatile bonus room, ideal as a home office, playroom, or even a 4th bedroom. Enjoy the outdoors in the fully fenced backyard, complete with a patio and peaceful views of mature trees that provide added privacy. This home checks all the boxes on your wish list and more. Schedule your showing today!

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