332 Cheshire Ln, Lafayette, IN, 47909 | 6.41% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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332 Cheshire Ln, Lafayette, IN, 47909 | 6.41% 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

Rental property for sale in Lafayette at 332 Cheshire Ln, Lafayette, IN, 47909 priced at $264,900 pairs $1,416/mo rent with after a $1,297/mo payment. Total monthly income equals $1,416/mo. Return on cash invested is 17.52% in year one, and rental yield stands at 6.41% on a $264,900 basis. Equity gained on principal adds $1,709/yr, and 5% annual appreciation accumulates to $73,187 by year five. Five-year ROI measures 89.84% and total cumulative return in cash reaches $78,896. For financing, Ziffy Mortgage’s DSCR program evaluates $1,416/mo property income against a $1,297/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1994

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

COMPLETELY UPDATED & MOVE IN READY -This stylishly updated 3-bedroom, 2-bath ranch offers smart space and functionality on a fully fenced lot in the desirable south side Ashton Woods subdivisionjust minutes from US-231, Veterans Memorial Parkway, Purdue University, shopping, and top-rated TSC schools. Inside, nearly 1,100 square feet of living space has been thoughtfully renovated to offer modern comfort and style, including: Brand new HVAC system, new roof, fresh interior paint throughout, all new light fixtures, fans, vents & smoke detectors, new blinds throughout, durable wood-look vinyl flooring across the entire home, vaulted ceilings in main living areas add openness and light. Fully Remodeled Kitchen: Granite countertops & painted cabinetry, new hardware, sink & garbage disposal, tiled backsplash, new stainless-steel refrigerator, dishwasher, and range hood. Fully renovated stylish bathrooms with new vanities featuring granite tops, & updated toilets, lighting, and mirrors. Other great features include: New exterior doors & lighting, enhanced landscaping with retaining blocks, edging, and rock beds. A large fenced backyard with spacious patio and storage shed, and an attached 2-car garage. This home is truly turnkeyevery detail has been addressed so you can move right in!

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