5690 N Bluegrass CirLafayetteIN47905
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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
Investment Highlights
Rental property for sale in Lafayette at 5690 N Bluegrass Cir, Lafayette, IN, 47905 priced at $253,100 pairs $2,053/mo rent with $508/mo cash flow after a $1,239/mo payment. Total monthly income equals $2,053/mo, and annual cash flow comes to $6,094/yr on $83,903 invested. Return on cash invested is 27.17% in year one, and rental yield stands at 9.73% on a $253,100 basis. Equity gained on principal adds $1,633/yr, and 5% annual appreciation accumulates to $69,927 by year five. Five-year ROI measures 141.68% and total cumulative return in cash reaches $118,871. For financing, Ziffy Mortgage’s DSCR program evaluates $2,053/mo property income against a $1,239/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
8,276 sqft lot
$N/A/sqft
$120 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47905, Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,630 (100%) |
| Owner Occupied HU | 10,991 (56.0%) |
| Renter Occupied HU | 7,333 (37.4%) |
| Vacant Housing Units | 1,306 ( 6.7%) |
| Median Home Value | $254,797 |
| Average Home Value | $312,191 |
Housing Distribution
Address Breakdown
Residential
18,720
Single Family
15,750
Multi-Family
2,970
Businesses
1,408
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Listed by: Tamara Sandefur • F.C. Tucker/Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518263
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.