920 N Wagonwheel Trl, Lafayette, IN, 47909 | $389/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

920 N Wagonwheel Trl, Lafayette, IN, 47909 | $389/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1575 sft

224 Buckingham Cir, Lafayette, IN, 47909

3 Bed
3 Bath
2325 sft

866 Drydock Dr, Lafayette, IN, 47909

3 Bed
3 Bath
1882 sft

228 Buckingham Cir, Lafayette, IN, 47909

3 Bed
2 Bath
1264 sft

11 McCutcheon Dr, Lafayette, IN, 47909

Nearby investment properties with comparable prices

4 Bed
2 Bath
2184 sft

703 E Jackson St, Attica, IN, 47918

3 Bed
2 Bath
1382 sft

211 McCutcheon Dr, Lafayette, IN, 47909

3 Bed
2 Bath
1575 sft

224 Buckingham Cir, Lafayette, IN, 47909

3 Bed
3 Bath
1882 sft

228 Buckingham Cir, Lafayette, IN, 47909

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Lafayette at 920 N Wagonwheel Trl, Lafayette, IN, 47909 offers a 8.84% rental yield on a $285,000 purchase with $2,100/mo rent. Total monthly income registers $2,100/mo, and a $1,395/mo payment leaves $389/mo available for distribution. Annual cash flow reaches $4,669/yr on $94,478 to close, and return on cash invested stands at 24.85% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 129.16% and total cumulative return in cash at $122,022. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,100/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1975

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Stylish and spacious bi-level in Rolling Hillsrecently renovated and move-in ready! This beautifully updated 3 bed, 2.5 bath home offers 1,636 sq ft of flexible living space in a quiet, established neighborhood. The bright main level features fresh paint throughout, brand new interior doors, and an open-concept kitchen and dining area that flows into a four-season sunroom and out to a large deck, perfect for entertaining. The lower level includes a private bedroom, a newly updated full bath with a new stand-up shower, laundry area, and a second living space with garage accessideal for guests or a separate living setup. Updates include a new furnace (Jan 2025), new A/C (June 2025), new gas water heater (June 2025), all new stainless appliances with 3-year warranties, and a newer roof (2019). Also featuring PEX plumbing (2019), solid electrical, new siding, soffit, and gutters (July 2025), a new LL window, and new sliding door. Fully fenced yard, shed, and attached 2-car garage complete this well-maintained home. You don't want to miss this!

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