617 Stockbridge Ln, Lafayette, IN, 47909 | $497/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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617 Stockbridge Ln, Lafayette, IN, 47909 | $497/mo Cash Flow | 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 617 Stockbridge Ln, Lafayette, IN, 47909 priced at $260,000 pairs $2,058/mo rent with $497/mo cash flow after a $1,273/mo payment. Total monthly income equals $2,058/mo, and annual cash flow comes to $5,962/yr on $86,190 invested. Return on cash invested is 26.83% in year one, and rental yield stands at 9.5% on a $260,000 basis. Equity gained on principal adds $1,678/yr, and 5% annual appreciation accumulates to $71,833 by year five. Five-year ROI measures 139.71% and total cumulative return in cash reaches $120,413. For financing, Ziffy Mortgage’s DSCR program evaluates $2,058/mo property income against a $1,273/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1994

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome Home! This beautiful 3-bedroom, 2.5-bath home offers everything youve been looking for. The inviting living room features custom-built-in bookcases and an entertainment centerideal for cozy family nights or hosting guests. The updated eat-in kitchen showcases new cabinetry, modern lighting, and appliances all replaced within the past few years. Conveniently located just off the kitchen, youll find the laundry area (washer and dryer included, both less than 3 years old) along with a stylish half bath. Upstairs, enjoy three comfortable bedrooms, including a spacious primary suite with a full, recently updated bathroom. All bathrooms have been refreshed in recent years. The primary bedroom also highlights elegant woodwork and a walk-in closet with access to a walkable attic offering generous storage across the entire length of the 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