3314 Pickwick Ct, Lafayette, IN, 47909 | $298/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3314 Pickwick Ct, Lafayette, IN, 47909 | $298/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 3314 Pickwick Ct, Lafayette, IN, 47909 offers a 9.59% rental yield on a $149,900 purchase with $1,198/mo rent. Total monthly income registers $1,198/mo, and a $734/mo payment leaves $298/mo available for distribution. Annual cash flow reaches $3,574/yr on $49,692 to close, and return on cash invested stands at 27.1% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 141.17% and total cumulative return in cash at $70,151. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,198/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1972

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Located on Pickwick Court, just off Brady Lane with easy access to US-52, US-231, and all of Lafayettes south side amenities, this 3-bedroom, 1-bath home offers plenty of opportunity. Inside, youll find a mix of new carpet and laminate flooring, an eat-in kitchen with nearby laundry, and a layout ready for your personal touch. Step outside to enjoy a fenced backyard with a wooden deckperfect for relaxing or entertaining. With a water heater replaced within the last five years and priced to sell, this home is full of potential. With a little TLC, it can easily become your dream home.

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