951 Vetch Circle, Lafayette CO
Offered at $750,000
Ask about our mortgage buydown incentive—and how you can offset your payment with legal ADU income.
Lafayette Home with Legal ADU – Live Upstairs, Rent the Basement!
Looking for a smart investment or multi-generational living option? This beautifully maintained home offers flexibility, freedom, and built-in monthly income. Featuring a fully permitted basement apartment with a private entrance, it’s ideal for house-hackers, families, or anyone looking to reduce their mortgage payment while enjoying the Colorado lifestyle.
Take advantage of a rare opportunity to enter the Lafayette real estate market—an established, high-demand area with strong fundamentals and a solid track record of long-term value growth
951 Vetch Circle, Lafayette CO
Contact
CLARE GLEASON
Senior Broker - SRES
The Boulder Agent Collective - EXP Realty
Information
Key Features (main unit)
- 2 bedrooms: Master suite upstairs and 1 BR on main level
- Bathrooms: 2 full
- Square feet: 1343
- New: kitchen appliances, AC and interior paint
- Spacious yard with mature landscaping, perfect space for a garden
- 2 car garage and storage shed
Key Features (apartment)
- 1 bedroom with sitting area and egress window
- Bathrooms: 1 3/4 bath
- Square feet: 864
- New: kitchen appliances, heat, interior paint and electrical sub panel
- Small private yard
- Offstreet parking
Why buyers love this home
- ✅ Live in one unit, rent the other – Ideal for offsetting your mortgage
- 🧑🤝🧑 Multi-generational living – Give parents, adult kids, or guests their own space
- 📈 Front Range growth – Lafayette is appreciating year over year
- 🛠️ Turnkey ADU – No permits or construction needed
- 🚶 Great location – Close to Boulder, Longmont, and trails
FINANCIAL INFORMATION
What If Your Home Helped Pay the Mortgage?
This home includes a fully legal 1-bed, 1-bath basement apartment with a private entrance—ideal for long-term tenants, in-laws, or even mid-term furnished rental. The apartment bedroom has ample space for a sitting area or possible small office and the apartment also includes a separate living room, kitchen, 3/4 path, separate laundry facilities and separate electrical sub panel. The furniture is included if desired.
SAMPLE estimated cash flow. Rental estimates based on currently listed rentals. | ||||
with seller 1 point buydown | ||||
SCENARIO | Rent out apartment | Rent out main level | Rent out apartment | Rent out main level |
PRICE | $750,000 | $750,000 | $750,000 | $750,000 |
% DOWN | 20% | 20% | 20% | 20% |
INTEREST RATE | 7% | 7% | 6.75% | 6.75% |
MONTHLY P & I | $3,992.00 | $3,992.00 | $3,892.00 | $3,892.00 |
PROPERTY TAXES | $270 | $270 | $270 | $270 |
INSURANCE | $292 | $292 | $292 | $292 |
RENTAL INCOME | $1,500 | $2,600 | $1,500 | $2,600 |
NET MONTHLY COST | $3,054 | $1,954 | $2,954 | $1,854 |
ABOUT THE AREA
🌄 Discover Lafayette, Colorado
Tucked between Boulder and Erie, Lafayette offers a unique blend of small-town charm and big-time access to Colorado’s Front Range. Known for its walkable neighborhoods, vibrant downtown, and year-round community events, it’s a town where you can enjoy the good life—without the Boulder price tag.
🎨 What Makes Lafayette Special?
Old Town Lafayette – A vibrant arts district with shops, cafes, and galleries
Waneka Lake Park – Walking trails, paddle boats, birdwatching, and family picnics
Coal Creek Trail – 14 miles of scenic trail that connects to Louisville and beyond
Local Events – Art Night Out, Peach Festival, and the annual Oatmeal Festival
Farmers Markets – Locally grown produce, live music, and community vibes
Top-Rated Schools – Part of the Boulder Valley School District
Close to Everything –
• 15 min to Boulder
• 10 min to Louisville
• 30 min to Denver or DIA
🧘 A Town for Everyone
Whether you’re into hiking, biking, yoga, craft beer, or art, Lafayette has something for you. It’s a place where families thrive, entrepreneurs grow, and neighbors know each other.
This home puts you right in the heart of it — with all the benefits of income-generating potential from your legal ADU.
FAQ
Is the ADU fully permitted?
Yes! The basement apartment is a legal accessory dwelling unit, fully permitted by the City of Lafayette.
Can I Airbnb it?
Short-term rentals may be restricted; however, long-term and mid-term furnished rentals are allowed and profitable.
Will lenders count ADU income?
Many lenders will allow projected rental income to offset your debt-to-income ratio. Ask for our lender recommendations.
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